The fun begins - SCA now asking for money back...

[BroDeal]

Looks like the feds took it! That is going to be a great spectacle.

Too bad for the conspiracy fans, though.

Still hurtin' over being Race Radioed. methinks.

 

[MarkvW]

Your medicine is waiting in the other thread, the Feds didn't join the SCA case...

Too bad for your win loss record though...well, it's really just a "loss" record if we're being honest.

Huh?
http://www.velonation.com/News/ID/13997/US-Dept-of-Justice-officially-confirms-action-against-Armstrong-and-others-USADA-applauds-move.aspx

 

[thehog]

Huh?
http://www.velonation.com/News/ID/13997/US-Dept-of-Justice-officially-confirms-action-against-Armstrong-and-others-USADA-applauds-move.aspx

Thanks Mark. I missed that. I still think the Feds will drop out.... "Itsnotover".

 

[MarkvW]

Thanks Mark. I missed that. I still think the Feds will drop out.... "Itsnotover".

I guess not! But what about the conspiracy, or influence, to protect Lance?

 

[thehog]

I guess not! But what about the conspiracy, or influence, to protect Lance?

Keeps us posted on the case. Look forward to your updates

 

[ChewbaccaD]

Huh?
http://www.velonation.com/News/ID/13997/US-Dept-of-Justice-officially-confirms-action-against-Armstrong-and-others-USADA-applauds-move.aspx

Are you really so ignorant that you don't understand the difference between the SCA civil case and the Qui Tam case instituted by Landis? Seriously?

Oh wait, you're just trolling like always.

Aaaaaannnnnyyyyway, there can't be any undue influence when the Feds drop a case, and there can't have been any even though they decided to pursue a case. Got it. Don't worry, the integrity of your anonymous intetubes personality is safe for another day.

For this equation, integrity=0

 

[MarkvW]

Are you really so ignorant that you don't understand the difference between the SCA civil case and the Qui Tam case instituted by Landis? Seriously?

Oh wait, you're just trolling like always.

Aaaaaannnnnyyyyway, there can't be any undue influence when the Feds drop a case, and there can't have been any even though they decided to pursue a case. Got it. Don't worry, the integrity of your anonymous intetubes personality is safe for another day.

For this equation, integrity=0

You are so worthless.

 

[Aleajactaest]

Unfortunate life choice.

With your obvious intelligence, I would hope for you so much more.

This thread should have long ago disabused you of that notion.

 

[Oldman]

This thread should have long ago disabused you of that notion.

Some contributions to the thread are more convincing of that conclusion than others.

 

[Race Radio]

SCA has company

http://abcnewsradioonline.com/natio...against-lance-armstrong.html#GoodLuckWithThat

A previously unknown insurance carrier has decided to file suit against Lance Armstrong for $3 million, plus damages, ABC News has learned.

The case was filed late Thursday in Austin, Texas, and will be assigned a case number on Friday.

The Nebraska company, Acceptance Insurance, covered the bonuses on Armstrong’s Tour de France wins from 1999 to 2001.

 

[webvan]

Dude had insurance left and right!

 

[thehog]

Dude had insurance left and right!

Someone or "someone's" was gaming the system. Betting on betting of insurance policy of policies.

That's very illegal.

No doubt this wasn't declared to each broker.

I see cards. In the shape of a house. Falling down.

 

[Scott SoCal]

Someone or "someone's" was gaming the system. Betting on betting of insurance policy of policies.

That's very illegal.

No doubt this wasn't declared to each broker.

I see cards. In the shape of a house. Falling down.

Depends. Some types of policies can be layered.

This will depend on Texas law and/or how the insurance application is written. If the application asks if they either have or applying for this type of policy from another insurer and they answered "no", the contract becomes null and void. Slam dunk.

If Texas law prohibits the layering of theses types of policies then its illegal.

Either way, it's more of the 'death by 1000 cuts.'

 

[WinterRider]

Depends. Some types of policies can be layered.

This will depend on Texas law and/or how the insurance application is written. If the application asks if they either have or applying for this type of policy from another insurer and they answered "no", the contract becomes null and void. Slam dunk.

If Texas law prohibits the layering of theses types of policies then its illegal.

Either way, it's more of the 'death by 1000 cuts.'

You guys are misinterpreting this. The new company insured his first 3 wins. SCA insured his later wins. There is no problem with having multiple contracts, and in this case they don't even overlap.

The fraud is due to his cheating, not taking out multiple contracts for different years.

 

[Scott SoCal]

You guys are misinterpreting this. The new company insured his first 3 wins. SCA insured his later wins. There is no problem with having multiple contracts, and in this case they don't even overlap.

The fraud is due to his cheating, not taking out multiple contracts for different years.

Yep. If the contracts didn't overlap then there's just the question of fraud.

 

[wirral]

When are we going to hear some development on the SCA case? I need my fix.

 

[blackcat]

Dude had insurance left and right!

he had to compensate from being unilateral in his shorts.

does anyone know whether he falls left or right?

surely we have a poster from Yellow Rose?

 

[thehog]

he had to compensate from being unilateral in his shorts.

does anyone know whether he hands left or right?

surely we have a poster from Yellow Rose?

Leave Lance alone - http://www.theatlantic.com/entertai...se-should-leave-lance-armstrong-alone/273632/

 

[MarkvW]

Someone or "someone's" was gaming the system. Betting on betting of insurance policy of policies.

That's very illegal.

No doubt this wasn't declared to each broker.

I see cards. In the shape of a house. Falling down.

It doesn't look illegal to me. Tailwind employed Lance Armstrong and promised to pay him a big bonus if he won the Tour de France. Because Tailwind didn't have tons of money to pay in the event that Lance won, Tailwind sought insurance to cover the money that it would have to pay. It purchased that insurance from SCA and others.

Imagine Farmer Hog out there in his well-tended fields. He forms HoggieCo, Inc. and the corporation pays Farmer Hog a salary for his farming of the corporate land. The corporation also promises to pay Farmer Hog a big bonus if Farmer Hog is able to bring the back thirty under cultivation. The back thirty is the supreme agricultural challenge--it has water, soil and topography problems in the extreme. Getting a big financial return from the back thirty is not just difficult--even after cultivation it's going to take awhile for the harvest to yield any money. Hoggie Co. doesn't have the money to pay Farmer Hog the big bonus right away, so it goes to We-Settle Insurance Company to cover Farmer Hog's bonus in the event Farmer Hog earns the bonus.

We-Settle Insurance company makes the deal because it figures that there is a really good chance that Lance is not going to render that back 30 cultivable (like the problem Alvin York had in the movie. . .).

Only difference between Lance and Farmer Hog is that We-Settle Insurance company is betting on Farmer Hog rendering a field cultivable and SCA is betting on Lance winning the TdF. Insurance is all about betting.

Some states have laws against betting on sporting events, but I haven't seen any indication that such a law applies in this case.

 

[MarkvW]

Leave Lance alone - http://www.theatlantic.com/entertai...se-should-leave-lance-armstrong-alone/273632/

LOL. Leave Lance alone . . . and penniless.

 

[MarkvW]

Did SCA pay Lance any money pursuant to the original contract(s), or was all the money paid pursuant to the settlement agreement?

 

[ChewbaccaD]

Leave Lance alone - http://www.theatlantic.com/entertai...se-should-leave-lance-armstrong-alone/273632/

I love this Anthony Cunningham (not outing anyone, the name is right there in his post) fellow impersonating RR. He even mentions me in his post, and refers to The Clinic 12! No press is bad press, right!

 

[D-Queued]

Did SCA pay Lance any money pursuant to the original contract(s), or was all the money paid pursuant to the settlement agreement?

Yes, they did pay initial amounts.

Dave.

 

[D-Queued]

Sorry for the double post, but can I ask a question?

Why would you even ask a question about such an obviously important fact?

Why would you even ask such a question when you have been posting for months about how you understand the intimacies of the SCA legal position?

Similarly, why didn't you know that it was Tailwind and Lance that had brought suit against SCA in the first place?

You may be a lawyer, but you appear to have a hopeless grasp of the facts while presenting seemingly endless opinion. That you are pursuing this practice, when you are an attorney, is more than surprising.

Why is that?

Dave.

 

[ChewbaccaD]

Sorry for the double post, but can I ask a question?

Why would you even ask a question about such an obviously important fact?

Why would you even ask such a question when you have been posting for months about how you understand the intimacies of the SCA legal position?

Similarly, why didn't you know that it was Tailwind and Lance that had brought suit against SCA in the first place?

You may be a lawyer, but you appear to have a hopeless grasp of the facts while presenting seemingly endless opinion. That you are pursuing this practice, when you are an attorney, is more than surprising.

Why is that?

Dave.

Like I said in the other thread, he is much better at trollkraft.