NEW YORK (AP) — Lance Armstrong has overcome cancer, rival cyclists and nagging allegations of doping to become one of the world’s best-paid athletes and a sought-after pitchmen.
He’s also turned the Lance Armstrong Foundation, better known as Livestrong, into one of the top 10 groups funding cancer research in the United States.
The Armstrong brand is one of the best in sports. All of that is being threatened by a new opponent: federal investigators probing allegations that Armstrong used performance-enhancing drugs and tried to cover it up.
Philanthropy experts say the foundation could lose future donations if its namesake and chairman is dragged down in scandal.
Armstrong says the foundation won’t be distracted by what he calls a “witch hunt.”
