THE arrest of Scots College old boy Paul Peters has shocked his former classmates - particularly as the position of black sheep of the Peters family has long been occupied by his older brother Brent, who friends joke occupied a seat ''at the GPS table at Long Bay jail''.
Doug Peters, a pilot with Cathay Pacific, and his then wife Beverly, a physiotherapist, had four children - Wayne, now a successful investment banker, Brent, acquitted of attempted murder and heroin supply, Paul, a businessman who worked for years in Hong Kong, and Robyn, a former ballet dancer.
The Peters were a well-to-do family and the boys boarded at the Bellevue Hill private school during the 1970s while their father was based in Hong Kong.
From all accounts Paul was a pleasant and able student who graduated with an economics/law degree from Sydney University in 1985.
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School friends said yesterday they were ''absolutely flabbergasted'' and ''amazed'' at the allegation that their former classmate might be responsible for the collar bomb hoax.
The brother who did cut a swath through the school, literally, was the middle Peters boy, Brent, described as one of the school's tough guys. ''He was the archetypal school bully,'' a classmate recalled.
By 15 or 16 ''Brentos'', as he was known, had pressed so many weights that his neck had all but disappeared. ''He walked around the school as though he was about to hit someone, which he often did,'' the classmate said.
A former teacher said Brent was such a narcissist that ''when it was raining he would look into the gutter to see his own reflection''.
Brent hit turbulent times after leaving school to work as a bouncer at the Venus Room at Kings Cross.
At the age of 25 he was charged with attempted murder after allegedly trying to run over two police officers who had mounted a stakeout at Neilsen Park in Vaucluse after receiving a tip-off that drug deals were taking place in the area.
Three years later he was charged over a major heroin trafficking ring run out of Kings Cross. He was acquitted of both charges.
At their trial, Peters and his wife Kathleen explained their affluent lifestyle was due to dealing cannabis and stolen cigarettes rather than heroin.
Father Doug later became embroiled in a federal police case aimed at freezing Brent Peters's assets.
Doug Peters said real estate purchases he had made on his son's behalf were from his own money. He told the court that he had saved money during his career as an airline pilot and currency courier. He said that when he left Hong Kong after his retirement he had carried $1.25 million in cash in his suitcase.
Rather than depositing the money in a bank, he kept it in a trunk, he said.
Also drawn into the matter was the eldest son, Wayne Peters, a well-known investment banker.
He told the court that his relationship with Brent was ''quite distant'' and that he had no business dealings, apart from executing some trust documents, and advancing him $200,000 for his bail and legal fees after his arrest.
Wayne Peters, 54, was the managing director of Swiss Banking Corporation in Australia, before heading to Hong Kong where he ran the fund manager Allard Capital Asia.
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