Former Bossier Sheriff Larry Deen, along with Clinton Blakey & Clifton Blakey, have been indicted by a Federal Grand Jury.
The charges against each are Federal Program Theft and conspiracy to commit Federal Program Theft. The Blakeys are also charged with a tax violation in failing to file an IRS Tax Form 8300 on the transaction.
The Times has the best account of the scheme, you can read it here.