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Daily Record
Daily Record
National
Record Reporter

Brothel boss 'Madam Moneybags' died owing courts dirty cash from sordid sex empire

A notorious brothel keeper called Madam Moneybags went to her grave owing the Scottish Courts £780,441, it has been revealed.

Edinburgh pimp, Margaret Paterson, had paid back just £219,559 of her ill-gotten gains when she died aged 66 in September 2019. In 2013, she was sentenced to five years in prison after being convicted for brothel-keeping, money laundering and living on the earnings of prostitution.

Prosecutors are now trying to recover the money from her estate. She is one of a group of wealthy criminals who have been targeted under dirty money laws for failing to hand over £12 million of their dirty cash. Fraudsters, drug dealers and money launderers still owe cash years after confiscation orders were imposed on them by courts.

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