The start of the site was set up in Russia and Spac paid a fee for money laundering

The U.S. Department of Homeland Security targets pathogens for space launches and special vehicles to detect fraudsters in the first round of attacks.

The Securities and Exchange Commission has accused Momentus and its former chief Mikhail Kokorich of misleading the company’s investment advisers and the security threats posed by its Russian founder.

Stable Road Acquisition, Spac which last year co-sponsored the production of Momentus in public, has also been indicted, along with its subsidiary, SRC-NI Holdings, and their chief executive Brian Kabot.

All parties except Kokorich have filed lawsuits and agreed to pay more than $ 8m in fines, the SEC said. The prosecutor has filed a lawsuit against Kokorich, alleging fraud, in the United States Supreme Court in the District of Columbia.

Anita Bandy, a colleague of the SEC’s Director, said: “The former Momentus executive is accused of fraudulently stating that the company’s expertise is practical and that it threatens national security.”

The lawsuits could have been life threatening Location, who raised more than $ 100bn last year and helped set up companies in public markets without cultural lists.

“The case highlights the risks involved in Spac’s actions, as those who would benefit greatly from Spac’s involvement could have acted improperly and misled the sellers,” SEC chief Gary Gensler said in a statement.

Momentus and Stable Road he announced a combined $ 1.2bn in October, in which both parties offered to be the first company to sell publicly a “aerospace manufacturing company”.

Later, Momentus said in a decision that he would receive a letter from the SEC in January on documents relating to the merger. Last month, the company said it had rescheduled a separate review with the US International Monetary Fund to retain ownership of Kokorich’s previous ownership.

Economic Affairs which has already been said on a SEC investigation into Momentus.

The SEC announced that Kokorich and Momentus had told investors that they had “tested” the company’s aviation skills, while the only test was “failing to meet its original targets or demonstrating business acumen”.

The commission also said that the two had fabricated lies about the company’s business dealings, with Stable Road repeating misleading public imagery and “failing to act responsibly for investors”.

SEC officials have highlighted the dangers of Spacs failing to meet their targets, especially when sponsors spend some time negotiating a two-year contract.

“One-party lies do not take away their party affiliation,” said one official.

The connection between Momentus and Stable Road, which was changed as recently as last month, I could still make progress despite being charged. The companies have agreed to finance a private business venture, called Pipe, with the termination rights that would allow them to redeem their money if they so desire.

In the meantime, Spac dealers will have the opportunity to see what Pipe keepers have decided to do before voting on the deal and the agent has admitted to losing 250,000 shares he started.

Momentus said: “Momentus and the Securities Exchange Commission have reached an agreement. We are pleased to close this chapter and move forward.”

Kokorich declined to comment. Stable Road and Kabot did not immediately respond to a request for comment.