The lawsuit claims that Getaround executives tricked Geoffrey Shmigelsky into selling company shares to their family and friends for $1.79 million less than they were worth.
The men took orders from U.S.-bound Chinese tourists and then used stolen credit cards to purchase credit card vouchers for them.
By agreeing to pay the fine, Hertz did not admit to or deny the SEC's claims.
During an investigation into Didi Chuxing's operations, China's Ministry of Transport found Didi violated multiple safety rules, including failing to flag "high risk drivers and improperly handling deposits."
Additionally, at least eight other heists have occurred on the the Hertz lot since August.
Under the legislation signed today by Governor Jerry Brown, vehicles that are 72 hours past their return date may be tracked by the rental company.
The vehicles, most of which are still missing, are valued at over $1 million.
As a result of the violence, Uber and Cabify announced Wednesday that they were suspending service in the city.
Since China did not sign the 1949 Geneva Convention on Road Traffic, which established international standards for road signs and rules, Chinese citizens who visit Japan, and other Geneva Convention-ratified countries, need an international driving permit.
The thefts reportedly happened at airports in Fort Myers, Naples, Orlando, Palm Beach, and smaller rental locations around south Florida airports.