Hector Penate says he slept with Larry King’s estranged wife, Shawn Southwick. Penate, who is a penniless actor who no one had ever heard of until Wednesday, has discovered a way to earn some money now by crowing about his relationship with Southwick in the latest publication of In Touch magazine. Penate is getting fast dividends from his shameless opportunism, and you can learn about it all in details when he appears in a Wednesday night interview at 7:30 on CBS.

Hector Penate: cuckholding coach

The 31-year-old Hector Penate who calls himself an actor cuckholded Larry King by sleeping with his estranged wife, Shawn Southwick, in 2007 while he was out coaching their sons Chance, 11, and 9-year-old Cannon in Little League. In the Touch scoop, Penate says he even had sex, repeatedly, with Southwick in the bed she shared with Larry King while the CNN talk show host was on the air.

Hector Penate and Larry King: made for each other

An abundance of sleazy sidebars can be found in Hector Penate’s blockbuster confession. He said Larry King didn’t even mind him having sex with Southwick, because King was also trying to sleep with someone else, Southwick’s sister. As a matter of fact, Larry King’s divorce got was set into motion last week when King and Southwick filed divorce papers simultaneously after an argument over Southwick’s claim that he is indeed having an affair with her sister, 46-year-old Shannon Engemann. In his CBS interview, Penate said he is more than willing to take up a lie detector test to prove his story. Meanwhile, Southwick has denied having an affair with Penate.

Shawn Southwick, the Sugar Mama

Penate told Touch that while he was having sex with Southwick on a regular basis, she compensated him for his services by whipping out her credit card for a BMW 7 series sedan and paid his rent. To ultimately prove that he had let go whatever remaining conscience he once had long ago, Penate claims that Southwick even paid for his rent and had Larry King co-sign the lease for Penate’s Studio City, California, apartment.

Hector Penate – Larry King’s divorce

In just a short time after King and Southwick filed for divorce after almost 13 years of marriage last week, they placed the process on hold. Dennis Wasser, Larry King’s lawyer, said in a statement Monday that “It was decided that there will be no divorce activity for two weeks as several issues need to be discussed and resolved.”

Now that its Wednesday, and Hector Penate’s shameless thirst for instant cash has been laid bare for all to see, expect another statement from Mr. Wasser sooner rather than later.