This chapter emphasizes the importance of thorough due diligence when investigating potential investments, focusing on the board of directors, stakeholders, and corporate governance. It highlights the risk of “Trophy Board Members,” who may lack relevant expertise and serve primarily to enhance the company’s image. Investors should scrutinize the backgrounds of board members and be wary of those with questionable past associations. The chapter also underscores the need to assess the quality and integrity of investors and financiers involved, as their involvement in dubious activities can be a red flag. Additionally, the presence of untraditional financiers or a sudden shift in the investor base may signal underlying issues. Finally, the chapter stresses the importance of examining relationships with other stakeholders, such as customers, vendors, auditors, and lawyers. By conducting a comprehensive investigation into these aspects, investors can better identify fraudulent companies.