Shock in Singapore: Teenager Accused of Turning His Bank Accounts into Criminal Cash Caches
In a case that’s almost too crazy for a reality‑TV script, a 17‑year‑old from Singapore is now facing serious charges for selling his own bank accounts to mysterious buyers and using them to hide more than SGD 260,000 earned from shady dealings.
How the Young Hacker Got in Trouble
- Three charges under the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act were filed against him on July 23.
- Because he’s a minor, the court cannot name him outright.
- The documents say he “sold” three bank accounts over Telegram in the first quarter of last year.
- Police described the teen as the key figure behind a network of fraudulent bank accounts linked to a series of scams.
- From May to August, victims were told to invest their money into the teen’s accounts—only to find the funds vanished or became impossible to retrieve.
- Investigators from Woodlands Police Division traced the teen’s identity and nabbed him on Wednesday.
What the Police Are Saying
According to the officers, “The teenager knew that the accounts he opened and sold were set up for illicit gains.”
Other Alleged Offences
He’s already been charged with:
- Eight counts of acting on behalf of unlicensed loan sharks.
- Two theft charges.
- Disturbing the peace in a public altercation.
Back in late 2019, he allegedly vandalised several HDB flats across the island—spray‑painting door fronts. He also went on a spree of “holidays” at supermarkets, stealing alcohol worth nearly SGD 200. In February of this year, a brawl at Block 808 in Yishun Ring Road left witnesses shaken.
Next Steps
A pre‑trial conference is scheduled for July 27. If found guilty, the teen could face up to 10 years in jail and a fine of SGD 500,000 for each charge under the Act.
Let’s hope the justice system tackles this young “bank wizard” with the seriousness it deserves. After all, who knew a teenager’s bank accounts could be the latest “FinTech” plot line?
