Lance Armstrong, FRS Accused in Suit of False Advertising
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Lance Armstrong, the seven-time Tour de France cycling race champion later stripped of those titles for cheating, was sued for false advertising and fraud in separate lawsuits.
Armstrong and his management company, Tailwind Sports Corp., owe Acceptance Insurance Co. $3 million for bonuses paid to him after he won Tour de France races in 1999, 2000, 2001 according to a complaint filed yesterday at a Texas state court in Austin.