Bangladesh, Sept. 19 -- Federal prosecutors have unveiled charges against two San Fernando Valley residents accused of orchestrating one of the largest electronics export fraud schemes uncovered in recent years, a sprawling $611 million operation that allegedly funneled stolen goods overseas through a sophisticated network of shell companies, warehouses, and illicit financial channels. The case underscores the growing convergence of organized retail crime, financial fraud, and global black-market trading that law enforcement officials say is draining billions from the US economy annually.

The two men, identified as Saman Delafraz and Benjamin Daneshgar, allegedly ran the scheme through Wireless World, a Van Nuys-based company that prosec...