Update: Hulk Hogan Reportedly Involved in a $1 Million Blackmail Plot by Bubba The Love Sponge Employee in Sex Tape Case

hulk hoganAs we noted earlier today, shock jock Todd “Bubba the Love Sponge” Clem will not be charged in the Hulk Hogan sex tape case, and the finger is instead being pointed at the leaker of the sex tape, Matthew “Spice Boy” Loyd.

In an update to this developing story, CBS affiliate WTSP-10 in Florida is reporting that Hulk Hogan was blackmailed by Loyd, as heard in an FBI taped conversation between Lloyd and Hogan’s attorneys. The conversations overheard Loyd’s attorney beginning negotiations with Hogan’s attorney’s at $1 million, before settling on “3 payments equaling 300-thousand.”

Despite the above, however, Hillsborough State Attorney Mark Ober refuses to prosecute. Ober says he isn’t sure he could get a conviction in the case.