Lance Armstrong Stripped of Tour de France Titles

The sports legend faces numerous lawsuits in the wake of the doping scandal.
3:00 | 10/22/12

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Transcript for Lance Armstrong Stripped of Tour de France Titles
Now lance armstrong and today the final chapter in his epic fall from grace. Once an american hero, now officially stripped of his seven tour de France titles and tonight armstrong is facing an avalanche of lawsuits. What does the sports legend do now? Abc's neal karlinsky with that story. Reporter: Seven golden moments on the victory podium in paris, erased. Today, lance armstrong was officially banished from the sport that he was once synonymous with. Lance armstrong has no place in cycling and he deserves to be forgotten in cycling. Reporter: Over the weekend, a few stoic words from a shell-shocked armstrong at his cancer foundation's 15th anniversary. People ask me, how are you? And I tell them, well, I've been better but I've also been worse. Reporter: Armstrong has not only his reputation at stake, but his estimated $125 million net worth. Major civil cases are on deck. From a company that wants more than $10 million back for bonuses it paid to armstrong for his wins to a sealed whistle-blower case looking for tens of millions paid by the u.S. Postal service to sponsor armstrong and his team. His intimidation was absolutely what allowed him to go for so long without more of these allegations coming out. Reporter: Those who went up against armstrong over the years say he kept the fairy tale alive by threatening anyone who raised the doping question. Former "bicycling" magazine editor in chief, steve madden now writes "armstrong exerted a corleone-like influence in the cycling industry. He could make an advertiser disappear from our pages." Others say his cancer foundation, livestrong, was referred to as his "cancer shield" because it was used to fend off critics. I don't think it's so much a shield. I think sometimes it feels like a weapon. You're confronted with sort of the perception that if you're not pro-lance, then absurdly you're pro-cancer. Reporter: Tonight, lance armstrong holds a new title he never wanted. One of the most epic falls from grace ever seen. Neal karlinsky, abc news, seattle.

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