Mining Automatic
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
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
3 entities · 2 linked investigations- Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)→mentioned with→Mining Automatic(80%)
- Mining Automatic / Zan Shaikh→mentioned with→Mining Automatic(80%)
- Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)→mentioned with→Mining Automatic / Zan Shaikh(85%)
- Mining Automatic→mentioned with→Mining Automatic / Zan Shaikh(85%)
- Mining Automatic / Zan Shaikh→mentioned with→Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)(85%)
- Mining Automatic→mentioned with→Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)(85%)
Connected Through
3 shared actors · 2 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Mining Automaticorganization
- □Mining Automatic / Zan Shaikhorganization
- □Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)organization
1 submission awaiting moderator review.
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
- slot 443502779 · hash Eg46gLG1goTh1MFkmxo3DsdfYeAJfayFTLnWM5Vnfgxk
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 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: 7/29/2026, 11:20:01 PM
avoid.net — verified advice for a post-truth world