Lance Armstrong Settles a $100 Million Fraud Lawsuit With the U.S. Postal Service for $5 Million

(AUSTIN, Texas) — Lance Armstrong reached a $5 million settlement with the federal government in a whistleblower lawsuit that could have sought $100 million in damages from the cyclist who was stripped of his record seven Tour de France victories after admitting he used performance-enhancing drugs throughout much of his career.

The deal announced Thursday came as the two sides prepared for a trial that was scheduled to start May 7 in Washington. Armstrong's former U.S.