Source: 0009- Bank Statements (RL_6815-9966).pdf, pages 501-1000
Bates Range: RL_007315 through RL_007814
Document Total: 3,152 pages
Pages 501-1000 contain personal brokerage/bank statements for four Litman family accounts at Wells Fargo Advisors. These are NOT NGM business accounts (Bank of America trust, Eagle Bank trust, or Freedom Bank). However, they contain critical evidence of money flows between Litman and NGM, including:
| Pages | Account Holder | Institution | Year(s) | Bates Start |
|---|---|---|---|---|
| 483-528 | JESSICA BROOKE LITMAN & RICHARD C LITMAN JT WROS | Wells Fargo Advisors | 2018 | RL_007297 |
| 529-586 | AMANDA ROSE LITMAN & RICHARD C LITMAN JT WROS | Wells Fargo Advisors | 2022 | RL_007343 |
| 587-678 | RICHARD C LITMAN & CHERYL LITMAN JT WROS | Wells Fargo Advisors | 2019-2022 | RL_007401 |
| 679-1000+ | DANIEL GRANT LITMAN & RICHARD C LITMAN JT WROS | Wells Fargo Advisors | 2022 | RL_007494 |
Financial Advisor: John J. Sciuto (Jessica acct); CTH Wealth Management Group / David N. Litman (Amanda acct + others)
Key: All four accounts are Wells Fargo Advisors brokerage accounts with "Brokerage Cash Services" — NOT traditional bank accounts. They function as brokerage sweep accounts holding cash alongside any investments.
The Richard/Cheryl JT WROS account shows recurring ACH payments to "Nath Goldberg & Meyer":
| Date | Amount | Type |
|---|---|---|
| Jun 23 | -$868.21 | ACH Auto Activity |
| Jul 26 | -$868.21 | ACH Auto Activity |
| Aug 27 | -$868.21 | ACH Auto Activity |
| Sep 24 | -$868.21 | ACH Auto Activity |
| Oct 27 | -$868.21 | ACH Auto Activity |
| Nov 24 | -$868.21 | ACH Auto Activity |
| Dec 27 | -$868.21 | ACH Auto Activity |
| Feb 1 | -$3,026.66 | Check #2073 "NATH GOLDBERG MEYER" |
| 2021 Total | $9,104.13 |
| Date | Amount | Type |
|---|---|---|
| Jan 31 | -$1,000.56 | ACH Auto Activity |
| Mar 2 | -$1,000.56 | ACH Auto Activity |
| Mar 31 | -$1,000.56 | ACH Auto Activity |
| Apr 29 | -$1,000.56 | ACH Auto Activity |
| May 31 | -$1,000.56 | ACH Auto Activity |
| Jun 29 | -$1,000.56 | ACH Auto Activity |
| Jul 29 | -$1,000.56 | ACH Auto Activity |
| Aug 26 | -$1,000.56 | ACH Auto Activity |
| Sep 29 | -$1,000.56 | ACH Auto Activity |
| Oct 27 | -$1,000.56 | ACH Auto Activity |
| Dec 1 | -$1,000.56 | ACH Auto Activity |
| (12th) | -$1,000.56 | ACH Auto Activity |
| 2022 Total | $12,006.72 |
Combined 2021-2022 Total: $21,110.85
Analysis: These are payments FROM Litman TO NGM — the opposite direction of the W-2 advance. The $868.21/month amount in 2021 increases to $1,000.56/month in 2022. This appears to be a recurring obligation — possibly health insurance premium reimbursement, office space allocation, or another agreed deduction. The check for $3,026.66 (approx. 3.5x the monthly amount) suggests a catch-up or quarterly adjustment. This should be investigated: is NGM deducting from Litman while also paying him? What is the net?
The Richard/Cheryl account receives regular semi-monthly payments from "ATTORNEYS DELL A Attorneys" (reference 2074571). "Attorneys Dell A" appears to be ADP's payroll brand for law firms or a similar payroll provider processing NGM's W-2 payments to Litman.
| Date | Amount |
|---|---|
| Oct 28 (est.) | $17,270.17 |
| Nov (est.) | $15,234.27 |
| Nov (est.) | $11,251.80 |
| Dec 14 | $7,635.00 |
| Dec 16 | $1,632.00 |
| 2020 Total | $53,023.24 |
Recurring amounts of approximately $8,400.00, $2,016.00, and varying amounts in the $10K-$22K range.
| Amount Pattern | Frequency | Notes |
|---|---|---|
| ~$8,400.00 | 7 occurrences | Regular semi-monthly base |
| ~$2,016.00 | 5 occurrences | Smaller semi-monthly |
| $19,840.56 | 2 occurrences | Larger payments |
| $21,856.56 | 1 occurrence | Largest single payment |
| $10,483.80-$13,456.56 | 8 occurrences | Mid-range payments |
| 2021 Total | $225,813.97 |
| Amount Pattern | Frequency | Notes |
|---|---|---|
| ~$8,400.00 | 6 occurrences | Regular semi-monthly base |
| ~$2,016.00 | 3 occurrences | Smaller semi-monthly |
| $21,856.56 | 2 occurrences | Larger payments |
| $19,840.56 | 1 occurrence | |
| $10,416.00-$22,696.81 | 11 occurrences | Mid-range payments |
| 2022 Total | $244,205.33 |
| Year | Total | Monthly Average |
|---|---|---|
| 2020 (partial, ~3 months) | $53,023.24 | ~$17,674 |
| 2021 | $225,813.97 | $18,818 |
| 2022 | $244,205.33 | $20,350 |
| Grand Total | $523,042.54 |
Analysis: The $25,000/month W-2 advance referenced in Exhibit L (March 2021 email: "$25,000/month as a W-2") is processed through "Attorneys Dell A" payroll. The gross W-2 amount of ~$25K/month becomes ~$19-20K/month net after tax withholdings, matching the per-month averages observed here. The two payment sizes per month ($8,400 base + $10-14K variable) suggest a split between base salary and commission/bonus components, or a semi-monthly payroll cycle.
Cross-reference Finding #104: The Fidelity 645375268 payments documented from screenshots (Apr 2024-May 2025, $16K-$29K monthly) represent the CONTINUATION of this same W-2 advance payment stream. The bank statements here document the 2020-2022 period, while the Fidelity screenshots document 2024-2025. Together they prove a continuous payment obligation from at least October 2020 through May 2025.
The Richard/Cheryl account made regular transfers TO Fidelity account 645375268 via "FID BKG SVC LLC ACH":
| Date | Amount |
|---|---|
| Oct 29 | $10,000 |
| Nov 27 | $10,000 |
| Dec 27 | $10,000 |
| 2019 Total | $30,000 |
| Date | Amount |
|---|---|
| Jan 28 | $10,000 |
| Feb 6 | $10,000 |
| Feb 18 | $20,000 |
| Mar 20 | $10,000 |
| Apr 17 | $10,000 |
| Apr 28 | $10,000 |
| May 28 | $10,000 |
| Jun 26 | $10,000 |
| Jul 16 | $50,000 |
| Jul 28 | $10,000 |
| Aug 28 | $10,000 |
| Oct 28 | $40,000 |
| Oct 29 | $10,000 |
| 2020 Total | $170,000 |
| Date | Amount |
|---|---|
| Jun 10 | $20,000 |
| Jun 23 | $25,000 |
| Oct 14 | $20,000 |
| 2021 Total (partial) | $65,000 |
Combined 2019-2021 Total: $265,000
Analysis: This documents Litman's practice of moving funds from his Wells Fargo brokerage cash account into Fidelity 645375268 — the same account where NGM's W-2 advance payments later arrive directly (Finding #104, Apr 2024+). The shift from Litman manually transferring funds TO Fidelity in 2019-2021 to NGM paying DIRECTLY into Fidelity in 2024-2025 suggests the payment routing was consolidated at some point, likely when Litman stopped maintaining the Wells Fargo brokerage account as his primary cash management vehicle.
Page 527 (Bates RL_007341):
In the Jessica Brooke Litman & Richard C Litman JT WROS account (2018 Annual Summary):
12/14 Cash AUTO ACTIVITY ACH DIRECT WITHDRAWAL 30,000.00
TRACE # 121000242009489
JESSICA LITMAN
TRANSFER FROM
THE FREEDOM BANK OF VIRG
CHK XXXXXXXXXXXXX4818
Analysis: A $30,000 ACH transfer FROM "The Freedom Bank of Virginia" checking account ending in 4818 into the Jessica/Richard Wells Fargo account on December 14, 2018. This confirms:
Page 620 (Bates RL_007434):
12/17 Cash WIRE TRANSFER INCOMING WIRE 758,525.29
FIRST EXCEL TITLE LLC
Most likely real estate closing proceeds (title company wire). This is the largest single transaction in this section. Same day as a $17,212.50 outgoing wire to JP Morgan Chase.
Page 612 (Bates RL_007426):
4/17 Cash WIRE TRANSFER BANK OF AMERICA, N 25,000.00
WT FED#00354
Wire from Bank of America. NOTE: This is 5 weeks BEFORE the SOL cutoff (6/15/2020). Could be an NGM-related transfer from the Bank of America accounts (8777 trust or 8751 wire receipt). The timing is significant — this would be in the final weeks of Litman's active role at NGM.
Page 598 (Bates RL_007412):
10/02 Cash WIRE TRANSFER NATIONAL FINANCIAL 50,000.00
WT FED#09472
Wire from National Financial (likely National Financial Services LLC, Fidelity's clearing firm). Internal transfer from another Fidelity account.
Page 634 (Bates RL_007448), 2021 Richard/Cheryl Account:
1/22 Cash JOURNAL TO ****5017 -700,000.00
LITMAN RICHARD C
Plus a $18,000 journal to Jessica B. Litman (account ****2043). Total: $718,000 transferred OUT of the Richard/Cheryl joint account in January 2021. The $700K went to another Litman account ending 5017. This is a major internal reallocation — likely moving funds to a different investment account.
Page 648 (Bates RL_007462), 2021 Richard/Cheryl Account:
4/29 Check #2078 JANET SCHEK LONG TERM TRUST -$7,650.00
Payment from Litman to a "Janet Schek Long Term Trust" — this is the "Janetschek" referenced in recurring $8,100/month payments throughout the Richard/Cheryl account. Appears to be a long-term care insurance or trust obligation.
For the Richard/Cheryl JT WROS account (the primary account showing NGM activity):
| Flow | 2020 | 2021 | 2022 | Total |
|---|---|---|---|---|
| IN: W-2 from NGM ("Attorneys Dell A") | $53,023 | $225,814 | $244,205 | $523,042 |
| OUT: Payments TO NGM | $0 | $9,104 | $12,007 | $21,111 |
| Net from NGM | $53,023 | $216,710 | $232,198 | $501,931 |
| OUT: To Fidelity 645375268 | $170,000 | $65,000 | n/a | $235,000 |
The net W-2 income from NGM (after deducting the monthly payments back to NGM) was approximately $501,931 over 2020-2022.
Pages 501-1000 do NOT contain any of the following NGM business accounts: - Bank of America Escrow/Trust (*8777) - Eagle Bank Trust (0495) - Eagle Bank 3780 - Bank of America Wire Receipt (003926278751 / 8751) - Bank of America Operating (***2417) - Freedom Bank Trust (220001028 or 220001002)
These NGM business bank statements, if they exist in this document, would be located elsewhere in the 3,152-page PDF (pages 1-500 or 1001-3152).
Semi-monthly W-2 cycle: NGM paid Litman through "Attorneys Dell A" payroll approximately twice per month, with amounts suggesting a base + variable structure.
Monthly NGM deduction: Litman paid NGM a fixed monthly amount ($868.21 in 2021, $1,000.56 in 2022) — possibly health insurance premium, office overhead, or parking. The increase from 2021 to 2022 is consistent with insurance premium escalation.
Fidelity as ultimate destination: Litman regularly swept cash from Wells Fargo to Fidelity 645375268, which later became the direct deposit target for NGM payments (Finding #104).
Freedom Bank personal relationship confirmed: The $30,000 transfer from Freedom Bank personal checking (****4818) in December 2018 confirms Litman's personal banking relationship predating the NGM trust account controversy.
No Middle East wire transfers in personal accounts: No KFU, KSU, KISR, or university wires appear in these personal brokerage accounts. All Middle East client funds would flow through the NGM business accounts.
| Finding | Corroboration from Bank Statements |
|---|---|
| #104 (Fidelity 645375268) | Confirmed: Litman transferred $265K to this account in 2019-2021; same account received NGM W-2 wires in 2024-2025 |
| #99 (Freedom Bank) | New: Personal Freedom Bank account *4818 distinct from NGM trust accounts 028/***002 |
| #105 (Freedom Bank Board) | Corroborated: Personal banking at Freedom Bank confirms the board-member relationship |
| #78 (March 2021 W-2 commitment) | Validated: "$25,000/month as a W-2" confirmed by ~$20K/month net payments via Attorneys Dell A payroll |
| #111 (COBRA violation) | Context: Monthly NGM deduction of $868-$1,000 may be the health insurance premium that was cut off in June 2025 |
Analysis generated 2026-04-15 from pages 501-1000 of arbitration discovery document 0009- Bank Statements (RL_6815-9966).pdf