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Mining Automatic

avoid.net/mining-automatic→2/100·92% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Summary

Mining Automatic, the trade name of Bright Vision Distribution LLC, is a Massachusetts-registered company founded and controlled by Zan Shaikh, a Florida resident. The U.S. Securities and Exchange Commission filed partially settled charges on July 20, 2026, alleging that Shaikh and Mining Automatic raised approximately $22 million from more than 380 investors between June 2023 and May 2025 through a fraudulent, unregistered crypto mining investment scheme. According to the SEC complaint, only about 13% of investor funds were used for actual mining-related expenses, with the remainder allegedly diverted to marketing, recruitment, and Shaikh's personal spending; at least $20 million more was taken from investors than was ever repaid.

Connected Entities

1 entities · 10 linked investigations
Organizations
□Mining Automatic
Relationships
    Also appears in
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    Timeline(4 events)

    2023-06-01

    Mining Automatic, operating as Bright Vision Distribution LLC, begins soliciting investors with promises of guaranteed monthly returns from crypto mining operations.

    SEC Litigation Release LR-26590

    2025-03-01

    Mining Automatic ceases making monthly payments to investors.

    SEC Litigation Release LR-26590

    2025-05-01

    The investment solicitation period ends; approximately $22 million has been raised from more than 380 investors over the roughly two-year period.

    Blockonomi: SEC Files Fraud Charges Against Mining Automatic

    2026-07-20

    The SEC files partially settled charges against Zan Shaikh and Bright Vision Distribution LLC (d/b/a Mining Automatic) in the U.S. District Court for the District of Massachusetts. Both defendants consent to permanent injunctions against future securities-law violations; Shaikh also consents to an officer-and-director bar. Monetary remedies remain subject to court determination.

    SEC Litigation Release LR-26590
    Provenance & Audit Trail
    9 Wayback Archives

    Decision Log

    • #1publish⛓ pending7/29/2026, 11:20:10 PM
      hash: Eg46gLG1goTh1MFkmxo3DsdfYeAJfayFTLnWM5Vnfgxk

    9 of 10 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 7/29/2026, 11:20:01 PM

    last updated: 7/30/2026, 8:05:50 AM

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