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.On Sept 3, the now 17-year-old pleaded guilty to a charge under the Computer Misuse Act.As he was 16 when he committed the offences, he cannot be named under the Children and Young Persons Act.Deputy Public Prosecutor Foo Yang Yi said since 2023, the victim would get his son's help to make premium payments on insurance policies and check the balance in his CPF account, among other things.As a result, the teen knew the login credentials to his father's accounts and how much money he had in his CPF account.In August 2024, the teen logged into his father's CPF account and made two unauthorised withdrawals amounting to over $25,000. Read more