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‘Collar Bomb’ Case: Investment Banker Pleads Guilty

March 8, 2012 by staff 

‘Collar Bomb’ Case: Investment Banker Pleads Guilty, An Australian investment banker pleaded guilty Thursday to chaining a fake bomb to a young woman’s neck in a bizarre extortion attempt last year.

Paul Douglas Peters’ lawyer Kathy Crittenden pleaded guilty on his behalf in a Sydney courtroom to a charge of aggravated break and enter and committing a serious indictable offense by knowingly detaining 18-year-old Madeleine Pulver.

Pulver was alone studying in her family’s Sydney mansion Aug. 3 when the 51-year-old Peters, wearing a ski mask and wielding a baseball bat, tethered a bomb-like device around her neck. It took bomb squad police 10 hours to remove it, but it contained no explosives and Pulver was not injured.

The man left behind a note demanding money, along with an email address. New South Wales state police have said surveillance footage showed Peters in several locations where they believe he accessed the email account.

Peters, who traveled frequently between the United States and Australia on business, fled to the U.S. and was arrested at his former wife’s home in Louisville, Kentucky, almost two weeks after the crime. He was extradited in September to Australia, where he has remained in custody.

Peters appeared in court by video from prison Thursday. He showed no reaction when his lawyer entered the guilty plea.

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