- Aug 13, 2009
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Spider1964 said:Can you grab Louie the fly on your way?
Back to Lance.. From reading this thread (and other forms of media) he appears to be knee deep in it, as most bar a few can deduce, but this GJ investigation appears to have uncovered that much criminal activity, that there now seems to be more people who should be worried than just Lance? He's toast, or so it seems to me (IMO Louie), but what of others who have aided and abetted? How long is the list and apart from the obvious Armstrong partners (i.e. Tailwind directors, CSE directors, Ferrari, Pat, Hein? etc), who and how many others have been caught in the net? I'm aware of the GJ secrecy provisions, but as RR has alluded to in some of his posts, people talk... What other names have been caught up in this maelstrom?
The entire network will be exposed. From Organizers (Stapleton, Knaggs), designers (Ferrari) couriers (Duffy and others). If Knaggs and Stapleton are smart they will try to work a deal as quickly as possible.
Multiple partners, including Armstrong and Weisel, have already been notified they are targets of the Qui Tam case. The financial exposure for that case is real. If the Feds "Join" the case then the defendants would be smart to negotiate a settlement as they will not win.
I do not see anything that would put Armstrong away for a decade, but there is absolutely the chance he will end up broke. The breadth of his legal issues are staggering
USDA will file a non-analytical positive. This is perhaps his cheapest case, but it will still cost him at least $1,000,000 to fight it and he will still lose
The Qui Tam case has some big financial risk, not just for Lance. He has already hired some lawyers who specialize in these cases. Even if he settles quickly it will cost millions
It is clear Armstrong expects FCPA charges. He has hired legal that are experts in this and it following closely several FCPA cases Doug Miller worked. The financial penalties for these type of cases can be large and the defense expensive. The Feds have stepped up their prosecution of them, 400% increase in the last few years.
Expect SCA, former and current sponsors, and the Times to file to recover $$$
Hard to see how Johan escapes any action in Italy or France. Ferrari is clearly is big trouble. Of all the people involved he will spend the most time in prison.
Ultimately Armstrong's biggest risk is $$$$. Sponsors will flee, speaking engagements will continue to dry up, legal fees and penalties will bleed him dry.
The next 5 years do not look good for any of those guys