In a shocking case from Singapore, a 16-year-old boy betrayed his father's trust by siphoning off more than $90,000 from his dad's Central Provident Fund (CPF) and bank accounts, all for the sake of fishing trips and a lavish holiday in South Korea.

This teenage trickster, now 17 and unable to be named for legal reasons, pleaded guilty to charges under the Computer Misuse Act. The shocking exposé revealed that the young con artist previously assisted his father with online banking, giving him access to sensitive financial information.

The drama unfolded when the boy logged into his father’s CPF account in August 2024, following a notification about transferring money out. He made two unauthorized withdrawals exceeding $25,000. Not stopping there, he also took out loans totaling over $68,000 against his father's insurance policies using his own phone.

In total, a hefty $91,149 ended up in his own bank account through the PayNow payment system, paving the way for his youthful escapades.

The scheme unraveled when his father noticed discrepancies while checking his insurance policies, leading to a police report in February after discovering the suspicious transfers.

The prosecutor revealed that the boy had lavishly spent the stolen funds on fishing trips and a trip to South Korea in August 2024. Interestingly, there are no immediate plans for restitution, but it has been agreed that the young thief will pay back the money once he starts earning.

Defending the boy, lawyer Paul from Cross Street Chambers described his client as immature but claimed he had learned from his mistakes. "He was foolish and acted out of childish exuberance, but he has since matured and shown better behavior," said the defense.

The judge has requested probation and reformative training reports, with sentencing scheduled for October. This unusual case raises questions about trust and responsibility within families, showcasing how quickly relationships can fracture over financial misdeeds.