2024-11-25 sec-litreleases litigation_release 64 KB 1,301 chars

SEC v. Mikhail Kokorich, No. LR-26180, District of Columbia (Nov. 25, 2024) — Press Release

raw: Mikhail Kokorich

Mikhail Kokorich, No. 1:21-cv-01869 (D.D.C. Nov. 25, 2024)

Caption: SECURITIES AND EXCHANGE COMMISSION v. KOKORICH

summary

Mikhail Kokorich, former CEO of Momentus, Inc., obtained a final judgment for making misleading statements regarding technology, national security, and immigration status during a de-SPAC transaction.

paragraph

Mikhail Kokorich faced SEC charges for violating Sections 17(a)(2) and (3) of the Securities Act of 1933. The allegations centered on misleading statements made prior to Momentus’s August 2021 de-SPAC transaction. To resolve the matter, Kokorich consented to a $2 million civil penalty and a five-year bar from serving as a public company officer or director.

narrative

The SEC obtained a final consent judgment against Mikhail Kokorich, the former CEO of Momentus, Inc., on November 25, 2024. The litigation addressed allegations that Kokorich made misleading statements about the company’s technology, national security risks, and his personal immigration status leading up to the company's de-SPAC transaction in August 2021. Kokorich was charged with violating Sections 17(a)(2) and (3) of the Securities Act of 1933. Without admitting or denying the allegations, he consented to a permanent injunction against certain violations. The settlement requires Kokorich to pay a $2 million civil penalty and imposes a five-year bar from serving as an officer or director of a public company. This judgment resolves all claims arising from the SEC's original July 2021 complaint.

Enriched metadata

Scheme: pre-ipo-fraud (100%)
Court: District of Columbia
Case No.: 1:21-cv-01869
Outcome: settled
Civil penalty: $2,000,000
Entity: Mikhail Kokorich

Classified pre-ipo-fraud(confidence 100%). EDGAR detection: forms S-1/Form D/1-A· recall 72% / precision 8%. detection rule →

Exhibits & Attached Documents (1)

judgment SEC v. Case No. 1:21-CV-1869-ACR
270 KB 7,634 chars Source

Extracted insights

Dollar amounts 1

$2.00M $2 million $1M–$10M

Entities 5

person against mikhail kokorich
person mikhail kokorich
company mikhail kokorich, former ceo of momentus, inc.
agency Securities and Exchange Commission
court u.s. district court for the district of columbia

Triples 7

U.S. Securities And Exchange Commission obtains final judgment Mikhail Kokorich, former CEO of Momentus, Inc.
Mikhail Kokorich made misleading statements about Momentus's technology, national security risks, and his immigration status
Mikhail Kokorich consented to a final judgment that permanently enjoins him from violations of Section 17(a)(2) and (3) of the Securities Act of 1933
U.S. District Court for the District of Columbia entered final consent judgment against Mikhail Kokorich
U.S. Securities And Exchange Commission orders payment of $2 million civil penalty
U.S. Securities And Exchange Commission bars Mikhail Kokorich from acting or serving as an officer or director of a public company for five years
SEC conducted litigation by Zachary Avallone and Jennifer Farer, assisted by Matthew Spitzer, and supervised by Melissa Armstrong and D. Mark Cave

PDF (from attached: judgment)

SEC v. Case No. 1:21-CV-1869-ACR · Source

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Extracted body text (1,301c)

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26180 / November 25, 2024 Securities and Exchange Commission v. Mikhail Kokorich, No. 1:21-cv-01869 (D.D.C. filed July 13, 2021) SEC Obtains Final Judgment Against Former Space Transportation Company CEO On November 25, 2024, the U.S. District Court for the District of Columbia entered a final consent judgment against Mikhail Kokorich, the former CEO of Momentus, Inc. The entry of the consent judgment resolves all claims arising out of the SEC’s July 13, 2021 complaint, which alleged that, in the lead-up to Momentus’s de-SPAC transaction on August 11, 2021, Kokorich made misleading statements about the company’s technology, as well as about national security risks and his immigration status. Without admitting or denying the allegations in the SEC’s complaint, Kokorich consented to the entry of a final judgment that permanently enjoins him from certain violations of Section 17(a)(2) and (3) of the Securities Act of 1933, orders him to pay a civil penalty of $2 million, and bars him from acting or serving as an officer or director of a public company for five years. The SEC’s litigation was conducted by Zachary Avallone and Jennifer Farer, assisted by Matthew Spitzer, and supervised by Melissa Armstrong and D. Mark Cave.

OCR text (1,301c · html-text · 99% conf)

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26180 / November 25, 2024 Securities and Exchange Commission v. Mikhail Kokorich, No. 1:21-cv-01869 (D.D.C. filed July 13, 2021) SEC Obtains Final Judgment Against Former Space Transportation Company CEO On November 25, 2024, the U.S. District Court for the District of Columbia entered a final consent judgment against Mikhail Kokorich, the former CEO of Momentus, Inc. The entry of the consent judgment resolves all claims arising out of the SEC’s July 13, 2021 complaint, which alleged that, in the lead-up to Momentus’s de-SPAC transaction on August 11, 2021, Kokorich made misleading statements about the company’s technology, as well as about national security risks and his immigration status. Without admitting or denying the allegations in the SEC’s complaint, Kokorich consented to the entry of a final judgment that permanently enjoins him from certain violations of Section 17(a)(2) and (3) of the Securities Act of 1933, orders him to pay a civil penalty of $2 million, and bars him from acting or serving as an officer or director of a public company for five years. The SEC’s litigation was conducted by Zachary Avallone and Jennifer Farer, assisted by Matthew Spitzer, and supervised by Melissa Armstrong and D. Mark Cave.

Enriched metadata

Exhibits & Attached Documents (1)

Extracted insights

Related documents (1)