A multi-millionaire used a shotgun to silence a neighbors' burglar alarm next door to his £10 million St John's Wood home. Peter Shalson, 54, said to be worth £175 million after selling his coat hanger and packaging business, was speaking outside Southwark crown court where he was spared prison. He said: "This incident was a moment of irrationality. It happened during a period when I was under extreme business stress." Shalson was furious that the alarm was ringing incessantly while his neighbors Norman and Cindy Dawood were away. He said his wife Polly had been kept awake for hours.