djg21
01-16-2013, 10:46 AM
Didn't see this posted anywhere.
Report claims Texan's offer to be a witness also knocked back
With news that the United States Justice Department is considering joining a federal whistleblower lawsuit reportedly filed by Floyd Landis, Lance Armstrong is said to have offered to pay compensation in a bid to stem the potential financial fallout that could be coming his way.
CBS News reports that Armstrong has offered to pay the U.S Government more than $5 million dollars and also cooperate as a witness in the investigation. The channel claims that its sources say that the government in turn rejected "both offers as inadequate.
Full Story at: http://www.cyclingnews.com/news/u-s-government-rejects-armstrongs-dollar-5-million-offer-in-whisteblower-case
Given that the Government can obtain treble damages (3x actual damages), and a recovery could reach into the hundreds of millions of dollars (of which Landis gets a bounty of up to 30%), the $5 Million offer likely was a non-starter.
I would love to be a fly on the wall when Arnstrong next sees [Bruyneel or Weisel or Carmichael].
Report claims Texan's offer to be a witness also knocked back
With news that the United States Justice Department is considering joining a federal whistleblower lawsuit reportedly filed by Floyd Landis, Lance Armstrong is said to have offered to pay compensation in a bid to stem the potential financial fallout that could be coming his way.
CBS News reports that Armstrong has offered to pay the U.S Government more than $5 million dollars and also cooperate as a witness in the investigation. The channel claims that its sources say that the government in turn rejected "both offers as inadequate.
Full Story at: http://www.cyclingnews.com/news/u-s-government-rejects-armstrongs-dollar-5-million-offer-in-whisteblower-case
Given that the Government can obtain treble damages (3x actual damages), and a recovery could reach into the hundreds of millions of dollars (of which Landis gets a bounty of up to 30%), the $5 Million offer likely was a non-starter.
I would love to be a fly on the wall when Arnstrong next sees [Bruyneel or Weisel or Carmichael].