Robert D. Fuite, CFA is an applied economist and data scientist with extensive experience in litigation consulting, providing economic, financial, econometric and valuation analysis to clients involved in litigation, arbitration, and mediation. Mr. Fuite investigates complex legal problems through his expertise in the fields of economics, mathematics, statistics, and computer science. He has a wide range of life sciences litigation experience including: Complex and big data analytics, false claims actions, designing statistical samples and extrapolations in health care litigation.
Mr. Fuite holds a Master’s degree in economics, with a concentration in econometrics. He is a CFA charter holder and a member of the New York Society of Security Analysts. He has frequently guest lectured graduate economics classes in Econometrics, and Law and Economics at Hunter College in New York City.
Mr. Fuite uses his broad experience to designing statistical samples for extrapolation purposes in life sciences litigation and regulatory proceedings. He has also consulted with health care providers to benchmark their statistical models and assisting with evaluating their sampling and audit programs.
He has applied social network analysis and graph theory in fraud detection. These innovative techniques reveal unexpected, yet systematic, relationships among physicians and other providers with respect to their common billing and claim submission patterns. These network patterns and statistics have been used in fraud detection and litigation proceedings to show the interconnectedness of fraud participants.
Mr. Fuite has successfully lead teams of professionals and assisted engaging law firms on issues relating to relevant data requests during the discovery period, proper extrapolation methodologies to unknown populations and identification of potential bias in existing samples.
Prior to joining FTI Consulting, Mr. Fuite was a Senior Manager with Ernst & Young LLP Transaction Advisory Services Group and was the Western Canadian Business Modelling Leader. He was also Assistant Vice President of Wealth Management for Scottish Re in the Cayman Islands and a Sr. Analyst for BP Amoco’s Oil business unit in Calgary, Canada.
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