"This judge has laid it out in rather stark terms, with facts that are not pretty at all for Armstrong," said Tony Anikeeff, an attorney who has followed the federal government's ongoing fraud lawsuit against the disgraced cyclist.
With his income going down and his legal expenses going up, Armstrong, 42, recently scaled down his empire. He moved out of his dream house in Austin, sold his private jet and joined the herd flying on commercial airlines. But he could be on the hook for nearly $100 million if the government prevails in its civil case against him and his co-defendants from the U.S. Postal Service cycling team. Armstrong declined to comment on the situation to USA TODAY Sports but last year told cycling writer Joe Lindsey, "I don't have $100 million."
And that's not all: Armstrong could be forced to fork over more than $12 million in a separate case in Texas.
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While Armstrong has settled or survived other litigation, none of the previous payouts came close to the lofty totals in play in the two remaining lawsuits. Both have survived furious attempts by Armstrong to have them thrown out of court, moving each into critical stages that could cost him — or save him — a big chunk of the riches he acquired on the back of his bike and boosted blood.