Lance Armstrong being sued for $12 million

Lance Armstrong attends press conference

Lance Armstrong attends a press conference in Los Angeles in this file photo on February 28, 2011.

On Thursday, SCA Promotions, a Texas based insurance company in the United States, filed a lawsuit against disgraced cyclist Lance Armstrong for the amount of US$12 million.

SCA promotions alleges Armstrong defrauded the company into paying the cyclist $12 million for three of his seven seven Tour de France wins, by lying about his use of banned substances during those wins.

SCA Chief Executive Officer Robert Hamman said in a statement, "Lance Armstrong cheated to win all of his Tour de France victories…He has admitted as much on national TV."

Last month, in a televised interview with Oprah Winfrey, Armstrong admitted to using performance-enhancing drugs in each of his record seven Tour de France victories.

Hamman said that, "As a result of Lance Armstrong&39;s unjustly achieved victories and related activities, SCA paid $12,120,000 to (Armstrong’s management company) Tailwind Sports Inc.”

"SCA also suffered reputational damage and substantial loss of business, “ he added.

Previously, Armstrong sued SCA and won, following the firms decision to delay his 2005 bonus due to reports of the cyclist having used performance-enhancing drugs.

According to the lawsuit, Armstrong’s attorney Tim Herman was quoted saying, "If the titles are stripped, then there&39;s an obligation to return the money…and we don&39;t dispute that.”

SCA now wants Armstrong to be held to those comments, "now that he has been exposed and stripped of those titles, it is time to make him live up to what he said."

According to ABC News, federal agents are also investigating Armstrong for crimes including obstruction of justice, witness tampering, and intimidation.