No, it is not a cynical view at all. We all are entitled to our opinions and they are based on what we see and/or gut feelings.

Apparently he claims to be active on other forums and is known for giving money away. His suggested method to select a winner was using a roll of the wheel though he said he could ask a trusted member to do it. I think both options would not be transparent. Maybe this will turn out all fine or maybe it will not, time will tell.