The man who demanded $1 million from Tom Cruise over stolen wedding photographs has pleaded guilty to transmitting threatening communications with the intent to extort.
In court papers, Cruise‘s lawyers report Schmidt, who has been dubbed the ‘Sultan pf Sleaze’ for peddling sex tapes of Paris Hilton and Colin Farrell, told the actor’s representatives, “It would not look good for anyone if the photographs become public.”
But now Schmidt has agreed to enter a plea agreement in a bid to keep jail time to a minimum.
When sentenced, he faces up to two years in prison, one year of supervised release and a substantial monetary fine.
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