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Boy, 16, siphons over $90k from dad's CPF, bank accounts for fishing trips, Korea holiday

On Sept 3, the now 17-year-old pleaded guilty to a charge under the Computer Misuse Act.
PHOTO: AsiaOne file
PUBLISHED ONSeptember 03, 2025 2:08 PMBYNADINE CHUA
SINGAPORE — A 16-year-old boy who used to help his father with online banking broke that trust when he withdrew over $25,000 from the man's Central Provident Fund (CPF) account.
The teen also took loans of over $68,000 from his father's insurance policies.
After the money was deposited into his father's bank account, the youngster transferred $91,149 to his own bank account via PayNow.