You guys speak out of both sides of your mouth.
On the one hand you claim that MHFM is not an actual Benedictine monastery, but then on the other try to apply Canon Law to Hoyle's "novitiate". If your first claim was true, Hoyle was never a novice of any kind, but if your second were to hold, you have to concede that MHFM is a canonically-recognized Benedictine monastery.
So which one is it?
Finally, these canons deal with the mandatory renunciation of possessions that must take place in some religious orders. There's no Canon that prevents a novice or postulant from freely doing whatever he wants with his money/possessions. He could give it away to family, to other charitable organizations, or to the monastery itself as a donation. And that's exactly what Hoyle did. He decided to give them most of the money even before he went there. Link above to the court proceedings is very well written and lays out all the facts. Hoyle admitted in the court proceedings that the Dimonds never asked him for the money, but just told him that to become a Benedictine he's have to renounce his possessions (part of the rule).
Judge actually flushed out Hoyle pretty nicely. MHFM clearly admit that they're not a Benedictine monastery that's officially recognized by the V2 Church. At one point, Hoyle just decided, based on Ibranyi, that MHFM were heretics, and wanted his money back. This court case that the Dimonds mis-represented their being "real" Benedictines was completely dishonest on Hoyle's part.
Interestingly, the Judge also dismissed Hoyle's assertion that Brother Natale did not have permissions to establish MHFM, saying that the statement made in 2012 by this "Archabbot", over 50 years after the fact, simply to the effect that he had no records of Brother Natale there being a professed religious, (because he wasn't), does not demonstrate that it didn't happen exactly as the Dimond Brothers lay out, that he had permission from the Archabbot to found a Benedictine community. I imagine Brother Natale related this in a conversation with the Dimond Brothers based on a conversation he in turn had with the original Archabbot. In any case, the Benediction Congregation makes it clear that there's no formal Benedictine organization and that anyone who claims to adhere to or follow the Rule of St. Benedict cannot be denied the name Benedictine (something I had not known before). St. Benedict historically created his rule for laymen.