LOS ANGELES—Two Southland residents were arrested today in connection with an alleged fraud scheme that induced people into purchasing thousands of Target gift cards, which were then used at stores in Los Angeles and Orange counties to purchase electronics and other goods. Bowen Hu, 26, of Hacienda Heights, and Tairan Shi, 27, of Diamond Bar, both Chinese nationals, are among four people named in a federal indictment detailing the alleged fraud scheme, according to the U.S. Attorney’s Office. The two other defendants—Blade Bai, 33, of El Monte, and Yan Fu, 58, of Chino Hills—are expected to be summoned to appear in court next month. Bai is a U.S. citizen, while Fu is a Chinese national, prosecutors said. According to the U.S. Attorney’s Office, Bai, Hu, and Shi essentially laundered proceeds of the scheme by obtaining more than 5,000 fraudulently purchased Target gift cards, then distributing them to “runners,” including Fu, …