Hulk Hogan Sex Tape Leaked By Bubba The Love Sponge’s Disgruntled Former Employee

By:Radar Staff

Oct. 11 2012, Published 4:00 a.m. ET

By Amber Goodhand - RadarOnline.com News Editor

Hulk Hogan has vowed to find out who leaked his sex tape, and RadarOnline.com can exclusively reveal it was a disgruntled former employee of his best friend, Bubba the Love Sponge, who was behind the release of the embarrassing footage.

A source close to the situation claims that after Bubba left his gig with Sirius XM Radio, he also left behind an unpaid staff -- who he had shared the sex tape with -- and one of them took advantage.

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"Even though Bubba knew how much the Hulk sex tape would be worth, he didn't stab his friend in the back and he's not the one who released it," the source said.

"It's a former employee of Bubba's who was outraged when he left Sirius to go back to terrestrial radio. He wanted payback."

Interestingly, the source says Hulk's "surprise" at the tape being leaked is a rouse and that he's known about it for years and even had the ability to stop the sale last year!

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"Hulk acting all shocked at the release of the tape is crap," the source says.

"The tape was first shopped about three years ago, and Hulk was initially blindsided by it. But he's been fully aware this whole time that it's out there."

According to the insider, the PR forces that be within Hulk's camp prevented stopping the sale because they were more interested in publicity and press than what this would do to Hulk and his family.