I read was that I'm supposed to access the book entry system to make a claim but this is what I'm getting from AI:I: It appears you may have been targeted by a sophisticated financial scam or misinformation campaign.Based on current official records as of March 2026, there is no legitimate "shielded assets distribution" for Washington Mutual Inc. (WMI) scheduled for late 2026. The terminology you were given—specifically the "Book Entry System" and "Statement of Claim"—is being used in a context that does not match the actual status of the WMI bankruptcy proceedings.Here is the factual breakdown of the situation:1. The WMI Liquidating Trust is ClosedThe WMI Liquidating Trust, which was responsible for distributing assets following the 2008 collapse, officially wound down and terminated its operations in early 2020. * Final Distribution: The final cash distribution occurred around January 10, 2020. * No More Assets: The Trust explicitly stated that "no additional distributions of cash or equity will be made by the Trust" following that final payout. * Current Status: The bankruptcy cases in the District of Delaware are closed.2. Misuse of Technical TermsThe instructions you received use real financial terms to sound legitimate, but they are being applied incorrectly: * Book Entry System: While this is a real method of tracking securities (via the Depository Trust Company or DTC), there is no official portal for WMI shareholders to "access" this system to claim new assets in 2026. * Statement of Claim: In a bankruptcy, the deadline to file a "Proof of Claim" (the formal term) passed over a decade ago. * "Shielded Assets": This is not a standard legal or financial term used in the WMI reorganization plan. It is often a buzzword used in "recovery scams" to convince victims that forgotten money has been discovered.3. Red Flags of a Potential ScamIf you received this information via an unsolicited email, phone call, or a "special" website, please be aware of these common tactics: * Advanced Fee Fraud: Scammers often tell you that assets are waiting, but you must first pay a "processing fee," "tax," or "access fee" to the Book Entry System. * Identity Theft: They may ask for your Social Security number or brokerage account details under the guise of "verifying your claim."Recommended Next Steps * Do Not Provide Information: Do not give your SSN, banking details, or any "Statement of Claim" to the party that contacted you. * Verify via Official Channels: If you held shares through a brokerage (like Schwab, Fidelity, etc.), contact them directly. They would already have a record of any legitimate distributions; you would not need to find a separate "Book Entry System." * Check the FDIC: For historical accuracy regarding the bank's failure, you can visit the FDIC’s Washington Mutual page, which confirms the receivership is inactive regarding new payouts to equity holders.Would you like me to help you draft a verification request to your brokerage or check if the contact information you were given matches known fraudulent patterns?
Market Data 
Markets 
AI
