9 of 21
BACKNEXT
Sex for oil
Sex for oil
This fall, the division of the Department of Interior responsible for granting leases for energy exploration and production in federal waters is caught with its pants down. The agency's Inspector General finds that staffers were taking gifts, having sex and engaging in illegal drug use with employees of some of the oil companies they oversee.

As the report detailing the ethical abuses puts it: "We...discovered a culture of substance abuse and promiscuity in the...program." -- By Steve Hargreaves, CNNMoney.com staff writer

What do you think was the year's Dumbest Moment in Business?Join the discussion now.

NEXT: Global warming? What a 'crock'
Last updated December 31 2008: 10:36 AM ET
Lamest roadtrip ever The Big 3 CEOs' drive from Detroit to D.C. to request a bailout was classic. More video
How to lose an election John McCain's statements about the economy may have killed his campaign. Morevideo
The ballooning bailout Expanding from three pages to 451, the TARP bill was loaded with pork, eventually resulting in a flip-flop by Paulson. Morevideo