Slaughter asset split deemed illegal, wife could be held in contempt
BATON ROUGE - District Court Judge Timothy Kelley ruled Ralph Slaughter's attempt to transfer his assets into his wife's name was not only illegal, but an attempt to defraud Southern University's System Foundation.
The foundation argued that Slaughter moved the assets, including his $1.3 million dollar home and cars, into his wife's name to hide the assets from the foundation.
Slaughter owes $475,000 to the foundation, after a Judge ruled in 2012 he must repay the money to the universities fund raising group.
"The judge believed, that it was done with the intent to defraud the foundation and even if you take fraud out of the equation, you just can't simply say, look, I know I've got a half-million dollar judgment and what I'm gonna do is transfer all of my assets," said Preston Castille, the foundation's lawyer.
Now the foundation can seize Slaughter's home and assets in an attempt to settle the debt.
"Frankly it means we can seize the house and the car and any other assets he might have available," said Castille.
Before the Slaughter's left the courtroom, the judge ordered Denise Slaughter to return later and prove why he shouldn't hold her in contempt of court.
The judge claimed that Denise Slaughter misrepresented herself in court earlier in June to buy more time and delay the trial. In her last appearance, she told the Judge she had retained a lawyer, but her counsel couldn't be present in court that day, causing the judge to delay the trial. Later that evening the judge saw an interview on News 2 with Ralph Slaughter.
"She's looking at multiple attorney's, I know you know how that works, when you deal with the legal system, sometimes you need a couple lawyers," said Slaughter to News 2's Chief Investigator Chris Nakamoto.
"You folks with Channel 2, frankly documented what was said outside of court, it was very different than what was said inside court, and I think the judge, frankly he was not happy there was one representation in court and a completely different representation when the Slaughters walked out of the court house," said Castille.
Slaughter will have to prove she wasn't trying to delay the trial in order to avoid the contempt charge.
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