Dad Emptied His 17-Year-Old Daughter's $43K College Fund To Buy Mistress BMW — Then Called Her 'Entitled' And Said 'Plenty Of Kids Take Loans'
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By Jeannine Mancini
Published on April 27, 2026.
A 17-year-old daughter discovered her $43K college fund was missing after her father used it to buy a new BMW. The account required two signatures for large withdrawals, but the husband accessed it over several months. The daughter had been accepted to her dream school with a partial scholarship and the savings were supposed to cover the remaining costs. The wife, who filed for divorce the next day, made financial moves to stabilize her daughter's situation and sold a lake house that had been in her name before the marriage. The couple's financial disputes also included a rift between the wife and her daughter, who argued for a private divorce. The financial structure of the money was clear enough to stop it being redirected from the market.
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