Boy, 16, Siphons over $90k From Dad’s CPF, Bank Accounts for Fishing Trips and Korea Holiday

Singapore teen siphons over S$90,000 from dad’s CPF, bank accounts for fishing trips and holiday overseas

SINGAPORE: A 16-year-old boy who used to help his father with online banking broke that trust when he withdrew over S$25,000 from the man's Central Provident Fund (CPF) account.

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

After taking loans from his father's insurance policies, the teen transferred the money to himself. Read more at straitstimes.com.

Singapore teen misuses father’s trust, transfers over SGD 91,000 to own account - Connected to India News I Singapore l UAE l UK l USA l NRI

A teenager who was entrusted with managing his father’s online financial matters misused that trust and transferred over SGD 91,000 to his own bank account, as per reports. The case was heard at the State Courts. Photo courtesy: www.facebook.com/SingaporeCourts/ The boy, who was 16 years old at the time, had been helping his father with tasks such as checking the balance of his Central Provident Fund (CPF) account and making payments for insuran…

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

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...