Yahoo Is Sued Over $17 Million Fund for Chinese Dissidents -<br />By ANDREW JACOBSAPRIL 11, 2017<br />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<br />and human rights lawyers persecuted for standing up to the country’s government.<br />The lawsuit was filed on behalf of eight dissidents in China who said<br />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.<br />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<br />and a museum documenting the history of forced labor camps in China.<br />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.
