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Australian admits fake-collar-bomb extortion bid
Australian investment banker admits chaining fake bomb to teen's neck in bizarre extortion bid
By The Associated Press

SYDNEY (AP) ' An Australian investment banker has admitted that he chained 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 Sydney's Central Local Court on Thursday to a charge of aggravated break and enter and committing a serious indictable offense by knowingly detaining Madeleine Pulver.

Pulver was alone in her family's Sydney mansion in August last year when the 50-year-old Peters tethered a bomb-like device around her neck. Bomb squad police took 10 hours to remove it.

Peters appeared in court by video from prison. He will appear in court next on March 16 for a pre-sentencing hearing. It was not immediately clear what prison sentence he could face.

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