EXCLUSIVE: 'Collar bomber' who strapped a fake explosive to the neck of a Sydney schoolgirl WALKS FREE from prison 10 years on - but her family have NEVER received an explanation from the twisted criminal Notorious Sydney criminal Paul Douglas Peters, 60, has been freed from prison Peters strapped fake collar bomb around Madeleine Pulver's neck in August 2011 Peters was released on parole on Wednesday after about a decade behind bars By Daniel Piotrowski for Daily Mail Australia Published: 04:11 BST, 1 September 2021 | Updated: 04:15 BST, 1 September 2021 Viewcomments The notorious 'collarbomber' who broke into the home of a Sydney businessman and strapped a fake explosive to a schoolgirl's neck ten years ago has walked free from prison. Failed businessman Paul Douglas Peters, 60, broke into the Mosman home of Year 12 student Madeleine Pulver and strapped a homemade device around her neck on August 3, 2011. It was accompanied by a two page letter in a plastic sleeve claiming the device was a bomb and demanding money. The city was gripped with horror for 10 hours before police figured out the so-called 'booby trap' - a black box secured with a bike lock - was a fake. A Corrective Services NSW spokeswoman confirmed that Peters was released from a minimum security jail on Wednesday morning. Peters was granted parole earlier this month after about a decade behind bars. The crime mystified Sydney and left Ms Pulver's family grasping for an explanation to this day. Madeleine Pulver was the victim of a terrifying 10 hour hoax bomb threat, when Paul Douglas Peters broke into her home and strapped a fake 'collarbomb' around her neck in August 2011 Paul Douglas Peters (left) has walked free from prison after 10 years, after strapping a fake collarbomb around the neck of Sydney schoolgirl Madeleine Pulver Daily Mail Australia understands that Peters has secured a job and will live with a relative in southern New South Wales. His parole conditions bar him from going near four locations which are considered special to Ms Pulver and her family. Madeleine was studying for her HSC exams on the infamous ordeal of the hostage drama. Peters broke into the Pulver family's $15million home wearing a multi-coloured balaclava and clutching a baseball bat. He placed the fake bomb around the terrified schoolgirl's neck, along with a note demanding money and suggesting tampering with the device would make it explode. In a submission to the State Parole Authority in May, Ms Pulver's sports administrator father Bill said it would be helpful if Peters wrote a letter 'acknowledging that he is truly sorry for what he did to an innocent 18-year-old girl'. Mr Pulver also said it would be beneficial if he explained 'why he could do what he did to an 18-year-old girl.' A file photo of the hoax 'collar bomb' made by Paul Douglas Peters, which was made up of a bicycle lock and a black metal box filled with items. A note was attached warning it contained explosives Above is the$15million Mosman home that became the scene of one of Sydney's most famous crimes in 2011 Peters made a halting attempt to apologise to Ms Pulver at a State Parole Authority hearing in July, where he was interrupted by the presiding judge. Peters said: 'I've never had the opportunity to say in public .... a deep founded apology to Madeleine Pulver, that's all.' Peters claimed at his original sentencing hearing that he had no memory of attaching the device to Ms Pulver's neck. District Court Judge Peter Zahra found that the Scots Old Boy committed the crime out of greed and wasn't persuaded mental illness played a major role in the offence. As of this year, the Parole Authority heard Peters believes his crime came about as a result of stress including a marriage breakdown, family issues and losing his job. Advice from the Serious Offenders Review Council found Peters is unlikely to reoffend. Ms Pulver and a team of police who helped her through the ordeal received bravery awards in 2017. Ms Pulver now works as an interior designer, telling Daily Mail Australia two years ago that she tries not to think about the awful ordeal. Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility