In a story that draws similarities to the worst corporate scandals of the last decade, the CEO of the Fiesta Bowl has been fired for using the revenue from the BCS game as his own personal piggy bank.

Yesterday, the Fiesta Bowl submitted a full report of the excessive spending perpetrated by John Junker and other high-ranking employees. The offenses outlined in the 276-page report were so egregious that the game may actually be kicked out of the BCS rotation.

The biggest controversy coming from the report is the attempted cover up of reimbursements that employees received for making political contributions, which is a large violation of the bowl's non-profit status.

However, they also spent hundreds of thousands of the non-profit's dollars on what were essentially personal expenses. Most were charged as gifts for employees, sponsors, and political friends — things like golf memberships, extravagant travel accommodations, and purchases related to the "Fiesta Frolic," an event that invited all Football Bowl Subdivision coaches to Arizona — that were completely unnecessary since the game's participants are basically chosen by a computer.