A infamous brothel boss dubbed 'Madam Moneybags' due to her love of designer handbags has died.
Margaret Paterson passed away Friday at an Edinburgh hospice aged 66 after a cancer battle.
She became notorious after sordid details of her sex-for-cash empire and massive shopping sprees hit the headlines following a 2013 trial which resulted in her being jailed for five years.
The pensioner enjoyed a lavish lifestyle bankrolled by her sleazy business, splashing out nearly £500,000 on designer goods.
Paterson ran a brothel in the Scottish capital's posh Grosvenor Street, the Daily Record reports .
Last year she was awarded public cash through legal aid to fund a court appeal – despite still owing £780,000 in crime profits.
But in November she lost a bid to quash her conviction after a judge at the Court of Session in Edinburgh threw it out.
Paterson lived the high life on profits from her brothel and escort business.
The vice girls considered well-spoken Paterson as the boss with her former lover, Robert Munro, her second-in-command.
She was known to give her hookers advice on domination for clients who wanted to be submissive.
Police discovered Paterson and Munro were in charge of prostitutes in Edinburgh, the Lothians, Glasgow and Aberdeen. Sixty-five vice girls worked from the basement flat for nine years.
They were sent out to meet clients at their homes and hotel rooms, while men visited the address for “in-calls” to choose an escort and pay for sex.
The racket came crashing down after a police raid in September 2011.
Stunned detectives spent two days searching Paterson’s home to sift through piles of clothes and handbags, many unused and in original wrapping.
Cash totalling £204,660 was found kept in bags and a safe.
Jewellery including a £4,320 Versace watch and two rings worth £1,400 each were discovered, still in their boxes.
Paterson was jailed in July 2013, with Munro also handed a five-year term.
Paterson was slapped with a court order in 2015 to stump up £1million under proceeds of crime laws.
Source: Read Full Article