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Feds investigate Floyd Landis' fund

Updated: April 26, 2012, 3:39 PM ET
By Bonnie D. Ford | ESPN.com

Federal authorities in San Diego are investigating possible fraud charges against former professional cyclist Floyd Landis in relation to his legal defense fund, which closed its books almost five years ago.

Landis, 36, confirmed the existence of the investigation Thursday and said he had received a letter informing him he is a target. Landis declined to go into specifics.

"I can't get into the substance of the investigation, but I am sure you can understand that I would prefer to ...

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