Inside lavish life of ‘Madame Moneybags’ including 7ft pile of handbags, £4,320 Versace watch and £200k cash from 65 sex workers

Inside lavish life of ‘Madame Moneybags’ including 7ft pile of handbags, £4,320 Versace watch and £200k cash from 65 sex workers

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A BROTHEL boss known as ‘Madam Moneybags’ splurged £600,000 on designer gear – including a 7ft pile of handbags.

Vice queen Margaret Paterson packed her home with luxury goods while running a £1million sex empire.

Vice queen Margaret Paterson packed her home with luxury goods while running a £1million sex empire
Andy Barr – The Sun Glasgow
Cops found a 7ft handbag pile when they raided her home
She was also caught with £200k in cash
Collect

Cops found 100 boxes of unworn shoes, a £4,320 Versace watch, and £200k in cash when they raided her flat in 2011.

They also found credit card statements showing she blew £594,741 in Harvey Nichols, Louis Vuitton and Mulberry between 2003 and 2012.

Paterson, 66, passed away last week at cancer hospice in Edinburgh – sparking a battle to claw back her ill-gotten gains.

A Scottish Courts and Tribunal Service spokesman confirmed Paterson still owed an outstanding balance of £780,440.54 when she died.

BLEW £600k ON LUXURY GOODS

She had paid just £219,559.46 before her death at the city’s St Columba’s Hospice.

A Crown Office spokesman said: “The Crown have applied to the court for the appointment of an administrator to take possession of and sell the relevant assets of Margaret Paterson to satisfy payment of her outstanding confiscation order.

“As these court proceedings are ongoing, it would not be appropriate to comment further.”

She was jailed after running a series of brothels in Scottish cities for nine years.

Officers found 65 vice girls working in Edinburgh and the Lothians, Glasgow and Aberdeen.

Men visited a basement flat in Edinburgh to choose escorts and then paid for sex in a bedroom.


Phones with 1,000 texts from clients were also found in the flat.

She was jailed in July 2013, while accomplice Robert Munro was also sentence to five years behind bars.

After getting out of jail, Paterson – thought to have had a string of properties in Edinburgh – was spotted going on a shopping blowout last May.

She was jailed in 2013 after cops raided her brothels
Her lover Robert Munroe was also caged
C
Her death sparked a court battle to claw back her ill-gotten gains

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