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Letterman's Alleged Extortionist's Financial Woes

Oct. 2 2009, Published 3:24 p.m. ET

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EXCLUSIVE: Halderman Lived With Woman That Slept With Letterman

The CBS producer also agreed to pay for the unreimbursed medical bills for his two children and was also required to maintain life insurance.

VIDEO: Letterman Admits To Having Sex With Staffers

In addition, the court have the power to order one of the parents to pay their children's college education - one of his children is now 18, college age.

Halderman's Neighbors In State Of Shock Over Arrest

Police sources say that Halderman's motivation for the alleged extortion was money.

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