AUSTIN, Texas - Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity to help it limit the damage from the doping scandal that has snared the former champion cyclist.
The Lance Armstrong Foundation, commonly known as Livestrong, was founded in 1997 and has raised roughly $500 million to support cancer patients. The group has scheduled its 15th anniversary celebration for this weekend. Armstrong will stay on the charity's board.
A cancer survivor, Armstrong strongly denies doping and says he quit fighting USADA because its hearing process was unfair.
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