Former Chilean Miss Universe Cecilia Bolocco has been caught on camera and video cheating on her husband, the former Argentina president Carlos Menem, with a business man that looks old enough to have served in the United States Civil War although he is actually only 47.

The 76-year-old Menem is trying to regain the presidency and the expose of the affair could actually help him win the election although the odds are very slim.

Menem, who ruled from 1989 to 1999 as leader of the Peronist Party, told reporters Thursday he will run with his newly founded Loyalty and Dignity Party. He has broken with the Peronists, now led by incumbent President Nestor Kirchner.Most opinion polls give Menem, 76, little chance with just around 5 percent of the vote.

Menem recently announced he had separated from his Chilean wife, former Miss Universe Cecilia Bolocco, who caused an uproar when photographs were published of her kissing and sunbathing topless with an Italian friend in Miami. Menem said the separation occurred before the photos appeared.

The You Tube video is in Spanish and the pictures are blurred but you get the idea of who is banging who.