Allegations of Misleading Investors: Mikhail Kokorich and Momentus are accused by the SEC of misleading investors regarding the viability of Momentus’ propulsion technology. The SEC claims that the tests performed were insufficient to validate the technology, yet Kokorich and Momentus initially presented them as successful, potentially misleading investors about the technology’s readiness.

Immigration and Legal Issues: Kokorich’s immigration status has been under investigation, particularly concerning his dual citizenship and potential violations of U.S. national security laws. His involvement with Momentus while under scrutiny raises concerns over the legality of his actions and the potential risks for investors and the company.

Lack of Transparency: The SEC investigation found discrepancies in Momentus’ internal communications and public declarations, particularly regarding the results of critical tests. These inconsistencies suggest that there may have been a lack of transparency, which could have influenced investors’ decisions.

Export License and Asylum Issues: Kokorich allegedly withheld crucial information about his denied asylum request and the status of his export licenses from investors. This could imply that he misled investors regarding his legal ability to work in the U.S. and the potential risks to Momentus’ operations, given the sensitivity of space technology.

Departure from Momentus: Kokorich resigned from Momentus amid concerns about the company’s ability to comply with regulations and secure necessary licenses. His early departure from the company could be seen as a sign of instability and mismanagement within the organization.