I just received a letter informing me about a distribution payment from Robinhood Fair Fund with a check for $97.78. I didn't have a time to fully research if this is real or a scam yet. If you have received something like this feel free to share in the comments.
In the past I did receive some letter that there was an ongoing litigation or settlement plans after what happened with GameStop fiasco. GameStop trading stops and issues didn't affect me much, since I missed that train. But I was involved in other stock trades and dodgecoin. I am surprised that I am even included in this mailing list.
I do believe Robinhood messed up with all that trading stops of GameStop and other stocks that were promoted by WallStreetBets. I have no doubt there were some back door dealings to bail big banks who shorted those stocks out. Even though Robinhood did try to explain why they did what they did, I can't fully trust them in this matter. Simply, everything is too suspicious. Either they colluded with those who shorted, or they just chose an easy path not to mess with the corrupt system.
Anyway, now I have this check, which isn't that much to really care about, but nonetheless can't just throw it to the garbage either. Should I try to deposit it or just ignore?
I have seen too many scam letter to believe this is actually worth something. If you are a Robinhood user and have received something like this, please let me know in the comments.
Here is how the check looks like:
The letter also included the following additional information:
What do you think I should do? Cash the check or no?