Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)
Summary
Mining Automatic, operated by Zan Shaikh through Florida-based Bright Vision Distribution LLC, is the subject of SEC fraud charges filed July 20, 2026 alleging a $22 million Ponzi scheme that defrauded more than 380 investors between June 2023 and May 2025. The SEC alleges only approximately 13% of investor capital was spent on actual cryptocurrency mining operations, while the remainder was misappropriated for marketing, personal enrichment, and Ponzi-style recruitment payouts. As of the filing date, over $20 million in investor principal remains unrecovered.
Connected Entities
1 entities · 10 linked investigationsTimeline(4 events)
2023-06-01
Mining Automatic / Bright Vision Distribution LLC begins soliciting investors with promises of guaranteed monthly returns from cryptocurrency mining operations, according to SEC complaint.
SEC Litigation Release LR-265902025-03-01
Mining Automatic ceases making payments to investors, approximately two months before the alleged end of the scheme.
CoinTelegraph / SEC complaint2025-05-01
Alleged scheme period ends, per SEC complaint. Total raised approximately $22 million from more than 380 investors over the approximately two-year period.
SEC Litigation Release LR-265902026-07-20
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 proposed permanent injunctions; monetary relief amounts remain to be determined by the court.
SEC Litigation Release LR-26590Decision Log
- #1publish⛓ pending7/28/2026, 12:03:47 PMhash: GM12JJe9K2YNFcUCt6bxcE5d3V7T1PWuMF4FjKPQrK1d
4 of 9 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 7/28/2026, 12:03:18 PM
last updated: 7/28/2026, 1:42:50 PM
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