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Of course, you're right "led" is the correct past tense of "lead", but I think the reason for writing "lead" is not the noun "lead", it is simply a problem of confusing grammar rules of other verbs, for example "read" which you mentioned. I think, especially when you read (haha) stuff on the internet, there is a high probability that people misspell words, because there is not really a system which regulates it (only your own mind), and also it is often a bit of chitchat as well, it is not about producing something unique like a book which has to be printed, it is just a means of conveying information.
Hope that helps a little.
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