SAF regular siphoned S$1.6 million from father, including S$533,800 in CPF funds
Even after his 62-year-old father detected the dipping bank balances, Tay Yi Cong posed as bank officers to delay being discovered and pretended to file a police report for him.
Singapore Armed Forces (SAF) member Tay Yi Cong, aged 29, was sentenced to seven years in jail for embezzling S$1.6 million from his adoptive father. The money came from his father's Central Provident Fund (CPF) and other bank accounts. Tay gambled heavily, even while stationed in Taiwan. He applied for loans and credit cards in his father's name, using the father's details from Singpass.
When his father noticed lower bank balances, Tay pretended to be a police officer to delay discovery. He then impersonated CPF staff to withdraw funds from his father's CPF account, transferring the money to his own.
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- SAF regular siphoned S$1.6 million from father, including S$533,800 in CPF funds channelnewsasia.com
