It's official, Ralph Reed has ended his bid for Lieutenant Governor of Georgia.

Read the statement by David Donnelly, Director, Campaign Money Watch, below:

Here is the AP story.

"Ralph Reed's loss has national implications because he is the first casualty of the Abramoff scandals. And this judgment is delivered by conservative voters -- voters which many of those who are implicated in Washington's scandal will depend on this November. The lesson is this: politicians who place political money before morals ought to be very worried about meeting the same fate Ralph Reed met tonight."