Former Hertz chairman and CEO Mark Frissora will repay nearly US $2 million in a settlement with the Securities and Exchange Commission over charges he “aided and abetted” financial irregularities.

Frissora allegedly pressured staff to ‘find money,’ to make accounting changes to its 2013 results which rendered them ‘materially inaccurate’ according to the SEC. They also said Frissora ordered Hertz to keep rental cars in its fleet for longer to lower depreciation expenses and didn’t disclose the change.

Hertz revised its financial results in 2014 and restated them in July 2015.

“Investors are entitled to accurate and reliable disclosures of material information about a company’s financial condition. We are committed to holding corporate executives accountable when their actions deprive investors of such information,” said Marc Berger, director of the SEC’s New York regional office.

Hertz agreed to pay US $16 million to settle fraud and other accounting violations brought by the SEC in December 2018

Hertz filed for bankruptcy in May.