government. the oust postal service. did landis get caught using them i don t believe. he was you. i didn t realize that he was a team of armstrong s. he then came clean, said i did it. armstrong did it armstrong called him a liar, i would assume, right? defamed him publicly and there is allegations that he continued to threaten and do the same thing with other people that tried to expose him that he pressured a number of these teammates to blood transfusions to take performance the result is the seven tour de france. bill: landis is suing for what though. under the whistle blower statute pay back 35 million and treble damages. bill: who has to pay. labs armstrong is going to have to pay it because he defrauded the u.s. postal service. one of the requirements is you don t take any performance enhancing drugs when we give you this because he has
wrong. put the ad back up there and now there s a counter-suit under consumer protection laws for trying to interfere with commerce against coach. so, richard, coach is suing her, she claims that s intimidation, now she s countersuing. when does it end? it ends when, when coach turns around and silently gives her a few dollars and the whole case walks away. but dave is right, coach were bullies here. she has every right to sell that bag on ebay, every right. and for them to send the kind of letter that they sent out obviously counterfitting is a huge problem on ebay. coach is suffering from it. so they send this vicious letter, suing for $2 million, legal fees, treble damages and pay us $300 immediately. how many people, fred, do you think just automatically send $300, right or wrong just to end this problem? it s a big problem for coach and they re going to be called to task on this one, fred. so in general, our legal guys say, don t worry, you can sell
sec wasn t aware, f.b.i. wasn t aware, how would they be aware? as a banking institution you are entrusted with consumer confidence. if you settle in your eyes as a lawyer, a settlement, we read it as one thing. but the public confidence, were they settling because they were part of this activity? i don t think banking institutions the business is investigating. gregg: david, let me ask you this. one is suing against racketeering statutes, called rico. you handled rico cases. you know this allows for triple damages, so-called treble damages, won t that serve a strong incentives for the banks to settle the case because they don t want to get hit with triple damages? all you have to prove under a civil rico suit is two acts. that can be money laundering and fraud.
lis wiehl. this interview is going to run thursday on oprah s network. is he going to throw himself on the mercy of the court. all right. everybody can make up their mind about lance armstrong. i think is he a weasel. i have said that from the jump. but, you will like him or there is an excrews, that s fine. i don t care. but by making this admission, he opens himself up to an enormous amount of potential litigation. absolutely. he stands to lose tens if not hundreds of millions of dollars. worth $125 million. several lawsuits aren t even filed. the first one is filed a while ago floyd landis one of his teammates who he defamed he brought a whistle blowing suit the government will or will not join in by thursday. that s their deadline to decide whether or not to join him. if floyd landis and the government wins this whistle blowing case he could be looking at $100 million in losses because they are treble damages. bill: explain the case to me. floyd landis said wait a second, y