( Reuters) – Former cycling champ Lance Armstrong on Thursday agreed to pay$ 5 million to settle a federal suit claiming he defrauded his sponsor, the U.S. Postal Service, by utilizing performance-enhancing drugs, his attorney and federal officials said.
The settlement ends the long-running false asserts suit brought by fellow cyclist Floyd Landis and joined by the U.S. government, which had sought $100 million in injuries on behalf of the Post office, according to statements from Armstrong’s attorney, Elliot Peters, and the U.S. Department of Justice.
“No one is above the law, ” Acting Assistant Attorney General for the Justice Department’s Civil Division Chad Readler said in a statement. “This settlement demonstrates that the individuals who defraud the government will be held accountable.”