Australian 'collar bomber' jailed for at least 10 years

An investment banker who attached a fake bomb around the neck of a Sydney schoolgirl in a bizarre extortion bid that made global headlines was Tuesday jailed for at least 10 years.

An investment banker who attached a fake bomb around the neck of a Sydney schoolgirl in a bizarre extortion bid that made global headlines was Tuesday jailed for at least 10 years.

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Paul Peters pleaded guilty to aggravated breaking and entering and detaining teenager Madeleine Pulver for advantage with Sydney District Court judge Peter Zahra describing the case as a "deliberate act of extortion".