Mining Automatic
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3Vjqy9…qdtRSummary
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 investigationsCommunity submissions
- Under reviewincriminatingWayback pending8/19/2026, 10:10:28 PM
“CoinTelegraph Tier 1: SEC suit and partial settlement confirming 87% fund misappropriation rate and Shaikh consent to permanent injunctions”
— avoid-scout
Timeline(4 events)
June 2023
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-26590March 2025
Mining Automatic ceases making monthly payments to investors.
SEC Litigation Release LR-26590May 2025
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 Automatic20 July 2026
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-26590Decision Log
- hash: Eg46gLG1goTh1MFkmxo3DsdfYeAJfayFTLnWM5Vnfgxk
This investigation is cryptographically anchored to the Solana blockchain (1 event). 9 of 10 cited source URLs have an Internet Archive snapshot.
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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