"I am deeply sorry that I acted in such a reckless and dishonest manner. As of this moment, I will not longer be a candidate for the presidency of the Lego Republic. I thank my friends and family for their support during this difficult time," read the statement issued by a spokesfig for Studsbury.
Since his arrest and indictment on campaign finance charges, Studsbury has stayed out of the media, refusing interview requests and communicating through a spokesfig. Studsbury is currently under house arrest in Bricksburg.
Benjamin Card, Bricksburg University professor of politics and government, asserts that Studsbury's dropping out will have one of two effects.
"Either Studsbury's supporters will flock to Francis David, which would jeopardize Marie Bricks's chances of re-election, or they will stay home, disillusioned," said Card.
Card believes that the second scenario is more likely since David and Studsbury's platforms differ widely.
"Studsbury's ultra-right-wing supporters are not excited by David's candidacy and are unlikely to enthusiastically support his more moderate conservative views," he suggested.
In other news, the Universal Corporation executive accused of transmitting the illegal funds to Studsbury, Vito Fontana, arrived in Bricksburg today and promptly turned himself in to authorities. Fontana's attorney, Arthur Torne, has indicated to the Department of Justice that his client will cooperate with the Lego Republic government. Torne has requested a state-sponsored attorney to aid in Fontana's defense, given his and his client's unfamiliarity with the Lego Republic's justice system. Terms for Fontana's arrest are currently being negotiated, and the prosecution is currently seeking to indict Fontana in Bricksburg District Court.
A trial date for Fontana and Studsbury is expected to be announced soon; the trial will most likely begin in January or February.