SugarDVD Bids $500,000 for Lauren Conrad Sex Tape

Adult video rental website SugarDVD is reportedly offering $500,000 for a sex tape featuring reality TV stars Lauren Conrad and Jason Wahler, who appeared together on the popular MTV series 'Laguna Beach.'

Conrad denies participating in such a video, but a SugarDVD rep told celebrity gossip website that a third party is currently shopping the tape to adult distributors. 

"Jason and I would like to make it clear that we did not make a tape with us having sex," Conrad wrote on her website. "Jason and I are both shocked and hurt that people would say such horrible things about us. I can't believe that somebody would go to such great lengths to try to damage my reputation."

According to TMZ, SugarDVD bid on the tape "sight unseen." The internet-based outfit made tabloid headlines earlier this year as the first adult company to bid on the Kim Kardashian video recently released by Vivid Entertainment. 

A Vivid rep told TMZ on Friday that the studio had not yet been approached with the Conrad tape, "but would certainly consider making an offer."