Jake Schroeder has been charged with extortion after being arrested last Thursday and was held behind bars for five days in California before being released on $33,000 bail.
Schroeder's bail money has been put up by the Internet Commerce Group (ICG)--the company trying to market the two-hour long video.
Arizona police raided the offices of ICG on Friday and seized the original camcorder footage Schroeder is alleged to have tried to sell.
David Gringas, ICG's lawyer, tells PageSix.com, "Our position is that no crime has been committed. You cannot commit extortion by offering to sell something you own.
"Rather than risking a battle in civil court, where she might lose and see the tape released, Carolyn has decided to simply fabricate a false extortion claim against Schroeder."
Murphy counters, "Of course I don't want the tape to come out. It is private and intimate moments from my honeymoon with a man I thought I could trust. It has turned out I was completely wrong."
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