Long Lost Sex Pic of Arnold Schwarzenegger Found in Storage Locker Once Owned by Penthouse Founder

After two scandalous years of dealing with an extramarital affair, an illegitimate son, and a high-profile separation, Arnold Schwarzenegger was all set to wipe the slate clean with a wholesome Hollywood comeback story.

Well, so much for that.

The New York Post is reporting that hedge fund manager Jeremy Frommer recently purchased a New Jersey storage locker once owned by late Penthouse publisher Bob Guccione, and stumbled upon a salacious photo of Schwarzenegger among Guccione's possessions.

In the photo, a young Schwarzenegger is seen "engaged in what appears to be a sex act."

Guccione's treasure trove also yielded several other interesting artifacts, including unpublished nude photos of Madonna and actress Lauren Hutton, information concerning Guccione's decision to release controversial nude shots of then-Miss America Vanessa Williams, and correspondences with Dick Cheney, the Unabomber, and Fidel Castro's alleged lover.

No word from Frommer if he plans to put any of the items up for auction.

[screengrab via YouTube]