Yahoo Is Sued Over $17 Million Fund for Chinese Dissidents -
By ANDREW JACOBSAPRIL 11, 2017
A group of Chinese political activists filed a lawsuit in federal court against Yahoo on Tuesday, saying the company failed to properly oversee a $17 million fund it created a decade ago to help Chinese writers, democracy advocates
and human rights lawyers persecuted for standing up to the country’s government.
The lawsuit was filed on behalf of eight dissidents in China who said
that the Yahoo executives who sat on the board of the humanitarian fund did not do enough to rein in Mr. Wu’s inappropriate and profligate spending.
The lawsuit, filed in the United States District Court in Washington, accuses Yahoo senior executives of turning a blind eye as the fund’s manager, Harry Wu, illegally spent millions of dollars on high-end real estate, inflated staff salaries
and a museum documenting the history of forced labor camps in China.
According to the lawsuit, Mr. Wu, a veteran Chinese dissident who died last April, spent less than 4 percent of the money on humanitarian aid.