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Lance Armstrong

Lance Armstrong mugshot

The arrest of Lance Armstrong:

This guy gets a special category: Famously Busted. For while he was never technically arrested by criminal authorities, he was busted by a non-governmental organization, the United States Anti-Doping Agency and it completely changed his life, wealth and reputation.

Lance Armstrong was a professional road racing cyclist…

Lance Armstrong cycling

…who won the Tour de France a record seven straight times between 1999 and 2005.

Lance Armstrong cycling

Lance was the poster boy of his sport, and gained much sympathy in 1996 after a bout with testicular cancer, which had spread to other critical organs like his brain, lungs and abdomen.

However, the wheels fell off this cyclist's life when Armstrong was disqualified from all the races he won and banned from competitive cycling for life on doping charges.

He retired in February 2011 while facing a federal investigation of charges that he used illicit performance enhancing drugs. Also, it was more than the seven Tour de France titles and the inability to compete again. All of Armstrong's sponsors dropped him and he reportedly lost $75 million in a single day.

It was all capped in May 2013, when Nike announced it was cutting all ties to his Livestrong Foundation, which provides support for cancer patients.

Lance Armstrong with needles in his head

After denying drug use throughout his career, Armstrong admitted to doping in an interview with TV's Oprah Winfrey.

Armstrong was asked to testify completely about his drug use but Lance wanted complete amnesty, which the authorities said was unlikely.

By the way, possession of anabolic steroids without a prescription is a federal misdemeanor, punishable by up to a year in prison and a minimum $1000 fine. But federal prosecutors rarely follow up on such cases because of flimsy evidence.

In the Armstrong case, after calling witnesses before a federal grand jury, prosecutors apparently determined they lacked evidence to bring a charge that Lance used performance enhancing drugs.

However, In February, 2014, Lance lost big when an arbitration panel in Austin, Texas ordered him and Tailwind Sports to pay ten million dollars in a fraud dispute with a promotions company, Dallas-based SCA Promotions.

It had paid Lance twelve million dollars in bonuses over his cycling career and they sued to get their money back after his cheating was exposed.

And there may be more to come. Lance is also is being sued by the federal government and former teammate Floyd Landis in a whistleblower fraud action over his team's sponsorship contract with the U.S. Postal Service. But that case is not scheduled for trial before 2016.

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