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Donors back Armstrong Foundation

Updated: August 28, 2012, 7:08 PM ET
Associated Press

NEW YORK -- Lance Armstrong's reputation may be permanently stained but in the eyes of corporate and individual donors, his charity still wears an unsullied yellow jersey.

Armstrong announced last week he would no longer fight the doping allegations that have dogged him for years. He was subsequently stripped of his record seven Tour de France titles and banned from professional cycling.

But in the days following the announcement, the Lance Armstrong Foundation was showered with donations ...

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