A federal judge has ordered New York Military Academy – the alma mater of Donald Trump, class of 1964 – to turn over documents for a fraud case in the Grand Court of the Cayman Islands.
Two hedge funds registered in the Cayman Islands and managed by Evenstar Capital Management Ltd., Hong Kong, want documents and deposition testimony for their case against Vincent Tianquan Mo, the head of a Chinese business empire.
Evenstar is trying to identify sources of a large influx of suspicious capital that Mo used to pay for real estate properties in the Hudson Valley.
In 2011, Mo established the Research Center on Natural Conservation (RCNC), a nonprofit organization based in Harriman, Orange County. Mo is president of the organization, according to its federal tax return for 2019.
Then RCNC bought Arden House, a historic mansion and 450-acre site near Harriman State Park, for $6.5 million. The property is ostensibly used for seminars by Tsinghua University, Mo’s alma mater, and this past July as the wedding venue for his daughter.
In 2015, RCNC bought New York Military Academy in Cornwall-on-Hudson, Orange County, for $15.8 million in a bankruptcy auction.
In 2017, RCNC bought the former Briarcliff College campus, Briarcliff Manor, from Pace University for $17.4 million. It sold the 37-acre property in February to a Monsey religious organization, Khal Toroth Chaim of Rockland, for $11.75 million.
Evenstar contends that Mo has mingled business assets for his personal benefit and...
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