- Associated Press - Wednesday, May 13, 2015

ORLANDO, Fla. (AP) - A nonprofit company that runs triathlon competitions around the world, including the Ironman World Championships in Hawaii, has forfeited $2.7 million that the federal government claims was made through an illegal lottery.

A lawyer for the World Triathlon Corporation said Wednesday that company officials are admitting no wrongdoing, but they merely wanted to put the federal case behind them.

Miami attorney Ed Shohat says World Triathlon officials didn’t believe they had broken the law.

But federal prosecutors say the Tampa-based company ran an illegal lottery by allowing potential Ironman competitors to pay $50 for the chance to compete in the Ironman World Championships.

Athletes could enter the lottery if they hadn’t won a slot at Ironman qualifying events. The company received more than 12,000 entries for 100 slots in 2014.

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