LANCE ARMSTRONG, THE UNITED STATES POSTAL SERVICE, AND THE AMERICAN TAXPAYER
A recent article in Forbes explored the financial Tsunami that Team Armstrong is facing in lieu of his being branded a cheat and stripped of his 7 Tour de France titles. Everyone wants their money back. I want to gag when I hear a company like Nike tell us how shocked they are at the news Lance used PEDs and that they now want a refund on the millions of dollars in bonus money they paid him for winning these races. It seems though that Nike and several other large privately owned corporations may have to get in line. Believe it or not, the United States Postal Service is using legal means in an attempt to recover the eight (8) figures in bonuses paid to Armstrong over the years he was winning Tour titles. That's right; the American taxpayer has been helping support Lance Armstrong.
The U.S. Postal Service, Armstrong's team sponsor during each of his tour victories, paid Armstrong over $12 million in performance bonuses during that span. Particularly worthy of note was a $5 million reward the USPS agreed to pay Armstrong upon winning his fifth consecutive title in 2004. --- Tony Nitti from Forbes.