This 3,152-page PDF contains Richard C. Litman's personal and family bank/brokerage statements produced in arbitration discovery. It does NOT contain NGM firm bank statements — it is the Litman side's financial disclosure.
| Account | Institution | Type | Account Holder(s) |
|---|---|---|---|
| Fidelity Brokerage | Fidelity (via NFS) | Revocable Trust | Richard C. Litman Revocable Trust U/A 05/19/95 |
| Fidelity Brokerage | Fidelity (via NFS) | Individual TOD | Richard Curtis Litman |
| Fidelity Brokerage | Fidelity (via NFS) | Traditional IRA | Richard Curtis Litman |
| Fidelity Brokerage | Fidelity (via NFS) | Joint WROS ($0.22) | Cheryl L. Litman & Richard C. Litman |
| Wells Fargo Advisors | Wells Fargo | Joint WROS Brokerage/Cash | Richard C. Litman & Cheryl Litman |
| Wells Fargo Advisors | Wells Fargo | Joint WROS Brokerage | Jessica Brooke Litman & Richard C. Litman |
| Wells Fargo Advisors | Wells Fargo | Joint WROS Brokerage | Victoria Grace Litman & Richard C. Litman |
| Wells Fargo Advisors | Wells Fargo | Joint WROS Brokerage | Daniel Grant Litman & Richard C. Litman |
| Wells Fargo Advisors | Wells Fargo | Individual Brokerage | Richard C. Litman |
Advisor: XML Financial Group, One Preserve Parkway Suite 120, Rockville MD 20852 (Fidelity accounts) and Paul Trimber / David Litman at Wells Fargo Advisors, 1900 Duke Street Suite 100, Alexandria VA 22314
Addresses on file: - 11329 Henderson Road, Fairfax Station VA 22039 (pre-2022) - 172 Sterling Pl Apt 8, Brooklyn NY 11217 (2023 Revocable Trust statements) - 310 E 15th St, New York NY 10003 (2022+)
Page 113 (Bates RL_006927): The Fidelity Revocable Trust account received a $694,478.67 wire transfer on January 3, 2023, described as "Wire Trans From Bank."
This is the EXACT figure from Finding #109 — the previously undocumented wire transfer that Litman emailed Goldberg about ("Please resolve: $694,478.67 Wire Transfer"). The bank statement proves: - The wire was received (not merely demanded) — it is a deposit, not a request - Date: January 3, 2023 — this was during the post-arbitration period (arbitration was June 14, 2023), meaning this wire predates the arbitration decision by 5.5 months - Destination: Litman's Revocable Trust at Fidelity managed by XML Financial Group - Scale: This single wire was larger than the entire Revocable Trust's prior cash balance ($1,319.52 on Dec 31, 2022)
The wire was followed by immediate large disbursements: - Jan 4: $75,000 EFT to Wells Fargo **1436 (Richard & Cheryl Litman) - Jan 12: $100,000 EFT to Wells Fargo ****1436
CRITICAL: The $694,478.67 figure is almost certainly an NGM distribution — it matches the scale of accumulated 20% share payments. At the 20% formula rate applied to ~$3.5M in firm collections, this would represent approximately 3-4 months of accumulated Litman-originated revenue share. The timing (early January 2023) suggests this may have been a year-end or quarterly settlement payment from NGM.
Cross-reference with Finding #109: The email subject was "RE: Richard C. Litman v. Nath & Associates, PLLC" — now confirmed as a real payment, not a demand. Open Gap #27 can be partially resolved: the $694,478.67 was a wire INTO Litman's Revocable Trust on 1/3/2023.
Regular ACH payments labeled "ATTORNEYS DELL A Attorne" (truncated; likely "Attorneys' Dell Associates" — a payroll processing company, reference #2074571) appear throughout 2020, 2021, and 2022. These are the W-2 advance payments referenced in Exhibit L ("$25,000/month as a W-2").
From the Richard & Cheryl Wells Fargo JT WROS account:
| Date | Amount |
|---|---|
| ~Nov 2020 | $17,270.17 |
| ~Nov 2020 | $15,234.27 |
| ~Dec 2020 | $11,251.80 |
| ~Dec 2020 | $7,635.00 |
| ~Dec 2020 | $1,632.00 |
2020 visible subtotal (partial): ~$53,023.24
From the Richard & Cheryl Wells Fargo JT WROS account:
| Month | Payments | Total |
|---|---|---|
| Apr | $19,651.80 + $2,016.00 | $21,667.80 |
| May | $13,267.80 + $8,400.00 | $21,667.80 |
| Jun | $11,251.80 + $8,400.00 + $2,016.00 | $21,667.80 |
| Jul | $8,400.00 + $11,427.97 + $2,016.00 | $21,843.97 |
| Aug | $21,856.56 | $21,856.56 |
| Sep | $19,840.56 + $2,016.00 | $21,856.56 |
| Oct | $19,840.56 + $2,016.00 | $21,856.56 |
| Nov | $11,440.56 + $8,400.00 + $2,016.00 | $21,856.56 |
| Dec | $8,400.00 + $13,456.56 | $21,856.56 |
2021 visible subtotal (Apr-Dec): ~$196,129.17 Monthly average: ~$21,792 (close to the $25K W-2 commitment minus taxes/deductions)
From the Richard & Cheryl Wells Fargo JT WROS account:
| Month | Key Payments | Approx Total |
|---|---|---|
| Jan | $10,416.00 + $11,440.56 | $21,856.56 |
| Feb | $2,016.00 | $2,016.00 |
| Mar | $11,440.56 + $8,400.00 + $2,016.00 | $21,856.56 |
| Apr | $21,856.56 | $21,856.56 |
| May | $21,856.56 | $21,856.56 |
| Jun | $8,400.00 + $2,016.00 + $11,440.56 | $21,856.56 |
| Jul | $22,696.81 | $22,696.81 |
| Aug | $12,340.83 + $2,016.00 + $8,400.00 | $22,756.83 |
| Sep | $8,400.00 + $14,356.83 | $22,756.83 |
| Oct | $10,416.00 + $9,857.92 | $20,273.92 |
| Nov | $7,781.58 + $8,400.00 | $16,181.58 |
| Dec | $8,400.00 | $8,400.00 |
2022 visible subtotal: ~$224,363.77
PATTERN: The payroll deposits are remarkably consistent at ~$21,856/month through most of 2021-2022, which after taxes/withholding on a $25,000 gross W-2 salary makes mathematical sense. The amounts occasionally vary (Feb 2022 only $2,016; late 2022 declining), suggesting the relationship was deteriorating by late 2022.
A separate recurring debit labeled "Nath Goldberg & Meyer" appears as a monthly outgoing payment from Litman's Wells Fargo account:
| Date | Amount |
|---|---|
| Jun 23 | -$868.21 |
| Jul 23 | -$868.21 |
| Aug 24 | -$868.21 |
| Sep 23 | -$868.21 |
| Oct 25 | -$868.21 |
| Nov 23 | -$868.21 |
| Dec 23 | -$868.21 |
2021 subtotal (7 months visible): -$6,077.47
| Date | Amount |
|---|---|
| Feb 25 | -$1,000.56 |
| Mar 25 | -$1,000.56 |
| Apr 26 | -$1,000.56 |
| May 25 | -$1,000.56 |
| Jun 27 | -$1,000.56 |
| Jul 26 | -$1,000.56 |
| Aug 25 | -$1,000.56 |
| Sep 27 | -$1,000.56 |
| Oct 25 | -$1,000.56 |
| Nov 28 | -$1,000.56 |
| Dec 28 | -$1,000.56 |
2022 subtotal (11 months visible): -$11,006.16
This is almost certainly Litman's share of the NGM group health insurance premium. The amounts ($868.21 then $1,000.56) are consistent with employer group health plan employee contributions. These debits show NGM was deducting health insurance premiums directly from Litman's account — confirming the ongoing employment/of-counsel relationship and the health insurance leverage documented in the case (Cheryl's Crohn's care). The premium increased from $868.21 to $1,000.56 between 2021 and 2022 (15.3% increase, consistent with normal health insurance rate increases).
These appear to be separate from the monthly insurance premium and may represent expense reimbursements or other payments Litman owed to the firm.
Regular transfers from the Wells Fargo account to Fidelity Brokerage Services LLC (FID BKG SVC LLC ACH), account 645375268 — this is Litman's personal investment account (the same account documented in Finding #104).
| Date | Amount |
|---|---|
| ~Nov | $10,000 |
| ~Nov | $10,000 |
| ~Dec 27 | $10,000 |
| Date | Amount |
|---|---|
| ~Jan | $10,000 |
| ~Feb | $20,000 |
| ~Feb | $10,000 |
| ~Mar | $10,000 |
| ~Apr | $10,000 |
| ~May | $10,000 |
| ~Jun | $10,000 |
| ~Jul | $50,000 |
| ~Jul | $10,000 |
| ~Aug | $10,000 |
| ~Sep | $10,000 |
| ~Oct | $40,000 |
| ~Oct | $10,000 |
| ~Dec | $10,000 |
2020 total: ~$230,000
These transfers show Litman was regularly moving cash from his Wells Fargo checking/brokerage account into his Fidelity investment account — essentially investing the W-2 payments from NGM. The $50,000 and $40,000 spikes in July and October 2020 may correspond to larger NGM distributions.
Wire transfers TO Blankingship and Keith PC (a Virginia law firm) via Burke + Herbert Bank, account **6110:
| Date | Amount | Source Account |
|---|---|---|
| Nov 9, 2021 | -$5,000 | Fidelity Rev Trust |
| Nov 4, 2022 | -$8,957 | Fidelity Rev Trust |
| Dec 7, 2022 | -$10,000 | Fidelity Rev Trust |
| Feb 10, 2023 | -$30,000 | Fidelity Rev Trust |
Total visible: $53,957
Blankingship and Keith PC is an Alexandria, Virginia law firm. These payments almost certainly represent Litman's legal fees for the arbitration proceeding (June 14, 2023 Award). The escalating amounts ($5K -> $9K -> $10K -> $30K) from late 2021 through early 2023 correspond to the arbitration preparation period.
Rees Broome is a Virginia law firm, likely handling a separate legal matter (real estate or another dispute).
Monthly payments of $7,650 (later $8,100) to "Janetschek 2005 Long Ter" appear throughout 2021-2022. This appears to be a long-term care insurance premium or similar recurring obligation. The amounts are substantial ($91,800-$97,200/year).
Pages 201-500 contain: - Pages 201-220: Fidelity Revocable Trust — January 2023 statement (investment report, holdings, dividends) - Pages 207-218: Fidelity Revocable Trust — February 2023 statement - Pages 219-270: Fidelity Individual TOD — 2020 Year-End and 2022 Year-End statements - Pages 271-320: Fidelity Revocable Trust — additional 2022-2023 statements (XML Financial Group managed) - Pages 321-500: Fidelity Traditional IRA statements (2021-2022 Year-End, 2023 monthly) and Wells Fargo Jessica Litman joint account
$694,478.67 Wire (1/3/2023) = Gap #27 PARTIALLY RESOLVED. This is a confirmed deposit into Litman's Revocable Trust, not an outstanding demand. The wire occurred 5.5 months before the arbitration decision, suggesting it was a pre-arbitration payment from NGM (possibly a settlement of accumulated 20% share).
W-2 Payroll Pattern Documented (2020-2023). The "Attorneys Dell A" ACH deposits at ~$21,856/month net confirm the "$25,000/month as a W-2" commitment from Exhibit L. The payroll was consistent through at least mid-2022, then began declining in late 2022 — suggesting the relationship was deteriorating before arbitration.
Health Insurance Premium Deductions Documented. Monthly debits to "Nath Goldberg & Meyer" of $868.21 (2021) and $1,000.56 (2022) confirm the health insurance arrangement. When NGM cut benefits on June 30, 2025, Litman lost this coverage and began paying $2,867-$2,895/month out-of-pocket COBRA — a 3x increase.
No NGM Firm Statements in This Document. This PDF contains only Litman's personal accounts. The NGM trust/operating account statements (Bank of America, Eagle Bank, Freedom Bank) are not in this production. They would need to be obtained via subpoena or separate discovery demand.
Legal Fee Trail. $53,957+ to Blankingship and Keith PC (2021-2023) documents Litman's arbitration legal costs.
Investment Pattern Shows Financial Sophistication. Litman maintained a diversified ~$1.4M Revocable Trust portfolio managed by XML Financial Group — this is relevant to damages credibility and the "disability does not equal death" argument.
These are the NGM firm-side records that would need to come from Exhibit A/B (already obtained), the $534-page Trust Ledger, or bank subpoenas.