← litmanintelligence.com  |  ← Counsel PDFs index  |  Counsel dashboard

Bank Statements Analysis Part4

Bank Statements Analysis: Pages 1001-1500

Source: evidence/google_drive_download_20260415/download_extracted/0009- Bank Statements (RL_6815-9966).pdf Bates Range: RL_6815 - RL_9966 (3,152 pages total) Pages Analyzed: 1001-1500 (plus full-document cross-referencing) Date: 2026-04-15


CRITICAL: This Document Contains NO NGM Firm Accounts

The entire 3,152-page PDF consists exclusively of personal bank/brokerage statements for Richard C. Litman and his family members. It does NOT contain NGM operating, trust, or escrow account statements.


Document Structure (Full PDF)

Page Range Account Holder Institution Type
1-482 CHERYL L LITMAN Wells Fargo Advisors / Fidelity Personal brokerage
483-678 JESSICA BROOKE LITMAN & RICHARD C LITMAN JT WROS Wells Fargo Advisors Personal brokerage
679-1044 DANIEL GRANT LITMAN & RICHARD C LITMAN JT WROS Wells Fargo Advisors Personal brokerage
1045-1494 JESSICA BROOKE LITMAN & RICHARD C LITMAN JT WROS Wells Fargo Advisors Personal brokerage (annual statements)
1495-2618 VICTORIA GRACE LITMAN & RICHARD C LITMAN JT WROS Wells Fargo Advisors Personal brokerage
2619-2786 DANIEL GRANT LITMAN & RICHARD C LITMAN JT WROS Wells Fargo Advisors Personal brokerage (annual statements)
2787-3152 RICHARD C LITMAN Freedom Bank of Virginia Personal checking ("Freedom Ba$ic")

Pages 1001-1500: Content Summary

Pages 1001-1044 are Daniel Grant Litman & Richard C Litman JT WROS (Wells Fargo Advisors brokerage, Dec 2022 - Jan 2023). Predominantly consumer spending: Apple, Uber, Instacart, Microsoft subscriptions, Airbnb, Venmo. Incoming rent payments from Megan Farzaneh ($882.50/month) and Midas Touch Management LLC ($882.50 office rent).

Pages 1045-1494 are Jessica Brooke Litman & Richard C Litman JT WROS (Wells Fargo Advisors brokerage). Includes 2018 annual summary, 2019-2022 annual statements. Very large account -- 128-page 2019 annual, 160-page 2021 annual, 102-page 2022 annual.

Pages 1495-1500 begin Victoria Grace Litman & Richard C Litman JT WROS.

No NGM firm transactions, wire transfers, or Middle East client payments appear in pages 1001-1500.


KEY FINDING #1: Recurring Payments TO Nath Goldberg & Meyer from Litman Personal Accounts

Litman was PAYING NGM from his personal brokerage account (Richard C Litman & Cheryl Litman JT WROS). Two distinct payment series:

Series A: $868.21/month (2021, 7 months)

Date Amount Source
6/23/2021 -$868.21 P640
7/26/2021 -$868.21 P642
8/27/2021 -$868.21 P643
9/24/2021 -$868.21 P644
10/27/2021 -$868.21 P645
11/24/2021 -$868.21 P646
12/27/2021 -$868.21 P647
Total: -$6,077.47

Series B: $1,000.56/month (2022, 12 months + 2 in 2022/2023)

Date Amount Source
1/31/2022 -$1,000.56 P665
3/02/2022 -$1,000.56 P666
3/31/2022 -$1,000.56 P667
4/29/2022 -$1,000.56 P668
5/31/2022 -$1,000.56 P668
6/29/2022 -$1,000.56 P669
7/29/2022 -$1,000.56 P670
8/26/2022 -$1,000.56 P671
9/29/2022 -$1,000.56 P672
10/27/2022 -$1,000.56 P673
12/01/2022 -$1,000.56 P674
12/28/2022 -$1,000.56 P675
2/27/2023 -$1,000.56 P480
Total (visible): -$13,007.28

What is this? Litman was paying NGM approximately $868-$1,001/month from his personal account. This could be: - Office-related costs (utilities, insurance, etc.) for the Alexandria office - Professional dues or costs billed through NGM - Health insurance premiums (the amount changed around the time health insurance terms may have been renegotiated) - Other pass-through charges

Evidentiary significance: These are OUTGOING payments FROM Litman TO NGM -- the reverse of the expected payment flow. If NGM owed Litman millions (per the $2.4M reconstruction), the simultaneous collection of monthly payments from Litman is an additional aggravating factor.

One-Time Check: $3,026.66 to NATH GOLDBERG MEYER (Feb 1, 2021)

Check #0002073, from RCL & Cheryl Litman JT WROS account (P648). Same statement also shows: - $40.00 check to USPTO (2/24/2021) - $30,145.32 check to LAKESIDE BROOKLYN LLC (2/3/2021) -- this is a Brooklyn entity, possibly connected to Goldberg's Brooklyn operations - $7,650.00 check to JANET SCHEK LONG TERM TRUST (4/29/2021)


KEY FINDING #2: Fidelity Account 645375268 -- Massive Transfer History

The Fidelity brokerage account 645375268 (identified in Finding #104 as the account receiving NGM W-2 advance payments) appears extensively throughout the document. These are OUTGOING transfers FROM the Fidelity account TO other Litman family brokerage accounts at Wells Fargo -- showing how NGM's W-2 payments were distributed to the family.

Transfers to RCL & Cheryl Litman JT WROS (2019-2020)

Date Amount Page
10/02/2019 $10,000 P598
11/27/2019 $10,000 P598
12/31/2019 $10,000 P599
2/06/2020 $10,000 P611
2/18/2020 $20,000 P611
3/16/2020 $10,000 P612
4/17/2020 $10,000 P612
5/18/2020 $10,000 P612
6/03/2020 $10,000 P613
7/02/2020 $10,000 P613
7/16/2020 $10,000 P614
7/28/2020 $10,000 P614
8/28/2020 $10,000 P615
9/28/2020 $10,000 P616
10/28/2020 $40,000 P618
10/29/2020 $10,000 P618
12/02/2020 $10,000 P619
6/10/2021 $20,000 P639
6/23/2021 $25,000 P640
10/14/2021 $20,000 P644

Transfers to Jessica Brooke Litman & RCL JT WROS (2019-2022)

Bi-weekly $2,500 transfers throughout 2019-2022, totaling approximately $60,000/year. Also includes: - $20,000 on 8/09/2021 (P1385) - $10,000 on 6/01/2022 (P1485)

Transfers to Victoria Grace Litman & RCL JT WROS (2019-2022)

Similar bi-weekly $2,500 transfers, also with periodic larger amounts ($10,000 on 3/12/2020).

Pattern: NGM W-2 payments flowed into Fidelity 645375268, then were systematically distributed to family member accounts -- approximately $2,500 bi-weekly to each child's account plus larger periodic transfers to the joint RCL/Cheryl account.


KEY FINDING #3: $25,000 Wire Transfer from Bank of America (April 17, 2020)

On 4/17/2020, a $25,000 wire transfer was received from BANK OF AMERICA, N into the RCL & Cheryl Litman JT WROS account (P612, RL_007426). Reference: "WT FED#00354."

Significance: This wire came from Bank of America -- the same bank where NGM holds its primary accounts (BOA Escrow/Trust ending 8777, BOA Wire Receipt ending 8751, BOA Operating ending 2417). This $25,000 transfer occurred in April 2020 -- within the post-SOL period -- and may represent an NGM payment routed through BOA rather than via the normal Fidelity channel.


KEY FINDING #4: $758,525.29 Incoming Wire -- FIRST EXCEL TITLE LLC (Dec 17, 2020)

A massive $758,525.29 incoming wire from FIRST EXCEL TITLE LLC was received into the RCL & Cheryl account on 12/17/2020 (P620, RL_007434). This appears to be a real estate transaction closing (title company wire).

Same day also shows: - $17,212.50 outgoing wire to JP MORGAN CHASE on 12/15/2020


KEY FINDING #5: $50,000 Wire from NATIONAL FINANCIAL (Oct 2, 2019)

$50,000 wire received from NATIONAL FINANCIAL (Fidelity's clearing arm) on 10/2/2019 (P598, RL_007412). Reference: "WT FED#09472." This is likely a distribution from another Fidelity account or investment.


KEY FINDING #6: $380,000 IRS Payment (April 12, 2019)

From Freedom Bank personal checking, $380,000 paid to IRS USATAXPYMT on 4/12/2019 (P2868, RL_009682). This enormous tax payment corresponds to a period when Litman's Freedom Bank balance jumped from ~$67K to ~$566K around 4/8/2019 (implying ~$500K was deposited shortly before). The $380K IRS payment is consistent with income from Litman's law practice/NGM.


KEY FINDING #7: $30,145.32 Check to LAKESIDE BROOKLYN LLC (Feb 3, 2021)

Check #0002070 for $30,145.32 to LAKESIDE BROOKLYN LLC written on 2/3/2021 from the RCL & Cheryl account (P648, RL_007462). "Lakeside Brooklyn" is a Brooklyn-based entity. This is notable given Goldberg operates from Brooklyn. Needs investigation -- could be rent for a Brooklyn property, or connected to Goldberg-related real estate.


Freedom Bank Personal Checking: Key Observations

Account Holder: RICHARD C LITMAN

Account Type: Freedom Ba$ic (personal checking)

Period Covered: Sept 2018 - Dec 2021

This is Litman's PERSONAL checking account at Freedom Bank -- NOT the NGM trust accounts (220001028 and 220001002). The NGM trust accounts are separate accounts that do not appear in this document.

Key Details:

Balance Decline Trajectory:

Date Approximate Balance
April 2019 $566,000
June 2019 $157,000
Sept 2019 $42,000
Jan 2020 $58,000
March 2020 $22,000
June 2020 $33,000
July 2020 $68,500
Sept 2020 $82,000
Dec 2020 $17,000
March 2021 $11,000
June 2021 $8,500
Sept 2021 $1,986
Dec 2021 $1,213

Evidentiary significance: The decline from $566K to $1.2K over 32 months shows Litman's personal liquidity evaporating during the exact period NGM was collecting millions through his name. By late 2021, his Freedom Bank personal account was nearly empty -- while NGM held undisclosed funds in the separate Freedom Bank trust accounts (Finding #99).


Transfer FROM Freedom Bank to Wells Fargo (Jessica Brooke Account)

Page 1089 (2019 Annual Statement, Jessica Brooke Litman account): $30,000 ACH transfer on 12/14/2019 from THE FREEDOM BANK OF VIRG checking account ending 4818 to the Wells Fargo brokerage account. This confirms the Freedom Bank personal checking account number ends in 4818.


Cross-Reference Summary

Finding Significance
Litman paid NGM $868-$1,001/month (2021-2023) NGM collecting FROM Litman while owing him millions
Fidelity 645375268 distribution pattern NGM W-2 payments systematically distributed to family
$25K BOA wire (4/17/2020) Possible NGM payment via BOA (same bank as NGM accounts)
Freedom Bank personal account ending 4818 Distinct from NGM trust accounts 220001028/220001002
Balance decline $566K to $1.2K (2019-2021) Litman's liquidity evaporated while NGM collected through his name
$380K IRS payment (4/12/2019) Confirms substantial pre-SOL income from practice
$30,145.32 to LAKESIDE BROOKLYN LLC Brooklyn entity -- possible Goldberg connection

What This Document Does NOT Contain

These must be obtained through separate discovery/subpoena targeting NGM's firm accounts.