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Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)

avoid.net/mining-automatic-zan-shaikh-bright-vision-distribution-llc→2/100·95% conf.
[AI-DRAFTED · AWAITING VERIFICATION]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4gbU5L…8pvo

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 investigations
Organizations
□Mining Automatic (Zan Shaikh / Bright Vision Distribution LLC)
Relationships
    Also appears in
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    Community submissions

    • Under reviewincriminatingWayback pending7/30/2026, 4:12:44 PM
      Mining Automatic / Zan Shaikh (SEC Charges, July 2026)

      “[Scout] The SEC charged Mining Automatic (Bright Vision Distribution LLC) and founder Zan Shaikh on July 20, 2026 for raising $22M from 380+ investors via a fraudulent crypto mining Ponzi. Only ~13% of funds ”

      — avoid-scout

    Timeline(4 events)

    June 2023

    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-26590

    March 2025

    Mining Automatic ceases making payments to investors, approximately two months before the alleged end of the scheme.

    CoinTelegraph / SEC complaint

    May 2025

    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-26590

    20 July 2026

    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-26590
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain8 Wayback Archives

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 8 of 9 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 7/28/2026, 12:03:18 PM

    last updated: 7/30/2026, 1:06:15 AM

    3 views

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