We're Told Not too long ago Spencer was at the Malibu house they once shared with Heidi ... moving out of some at his stuff. Sources tell us Spencer Came upon a camera with XXX video of Heidi and Karissa - and the light bulb went off.
Sources say it was then they decided That Spencer and manually make a fortune Selling at his "library" to Vivid Entertainment - much of it featuring naked, fornicating Speidi.
We Could not REACH Heidi and her reps were mum.
As for Karissa Shannon - she tells us such "a tape does exist Indeed, vain she's not convinced Spencer really has it. Karissa says if the tape ever sees the light of day, she'll sue the pants off him.
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