Three senior executives at an Akron, Ohio-based consumer finance company face civil and criminal charges for orchestrating a scheme that defrauded at least 5,200 investors — many of them elderly — out of $230 million, according to the U.S. Securities and Exchange Commission (SEC). The SEC alleges that after purchasing Fair Finance Co.,  CEO Timothy Durham, chairman James Cochran and Chief Financial Officer Rick Snow deceived investors while selling them interest-bearing certificates, diverting investor proceeds to themselves and others as well as struggling entities that they controlled.