Landis reaches agreement over funds

Aug. 24, 2012 at 2:24 PM
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SAN DIEGO, Aug. 24 (UPI) -- Cyclist Floyd Landis reached an agreement with federal prosecutors over allegedly fraudulently obtained donations for his legal defense fund, he said.

Landis was scheduled to appear before a federal judge in San Diego Friday for a "deferred prosecution hearing" in which he will agree to repay all donors who contributed to the "Floyd Fairness Fund" intended to fight doping charges, CBS News reported Friday.

Landis, who was stripped of his victory in the 2006 Tour de France, later admitted he used performance-enhancing drugs.

The repayment agreement includes a restitution plan to return approximately $480,000 of the more than $1 million collected, and its successful completion will lead to dismissal of his case, U-T San Diego reported Friday.

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