Thank you. Because they misrepresented their ability and/or authority to do what they were warranting and representing, you can rescind your issuance of any ownership to them. They are in default, which gives you the right to rescind the transaction. In addition, if you suffered any damages as a result of their misrepresentations, you would have the right to sue them for those damages. The result would be that you would go back to the single member operating agreement in effect before their admission.
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Please be aware that the information provided here is not legal advice. Rather it is simply general information. All states have intricacies in their laws and any information given is simply information only and specifically is not intended to be, nor does it constitute, legal advice. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.