Charles Payne (television personality)

Charles V. Payne (born 15 November 1962) is an American Fox Business Network financial journalist[1] and host of Fox's Making Money with Charles Payne.

Charles Payne
Born
Charles V. Payne

(1962-11-15) November 15, 1962
EducationMinot State University
Central Texas College
Occupation(s)News anchor, TV personality
SpouseYvonne Payne
Children2

Early life and education

At 17 years old, he enlisted in the United States Air Force and went on to serve as a security policeman stationed at Minot Air Force Base in Minot, North Dakota.[2][3] Payne attended Minot State University and Central Texas College while in the service.

Career

Finance industry

Payne began his career on Wall Street as an analyst at E. F. Hutton in 1985.[4] Payne is the chief executive officer and principal financial analyst of Wall Street Strategies,[5] a stock market research firm he founded in 1991.[6]

In 1999, Payne settled with the SEC over a complaint alleging that on at least eight occasions, Wall Street Strategies recommended that its clients purchase members stock through recorded messages on its telephonic stock recommendation service. The complaint also alleged that Payne failed to disclose that he received payments from members to promote members stock. Without admitting or denying the alleged violations, Payne consented to the entry of a permanent injunction against violations of Section 17(b) of the Securities Act of 1933. In addition, Payne agreed to pay a civil penalty of $25,000.[7]

In 2007, Payne released his first book titled Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market.[8] He has made several appearances on C-SPAN.

Fox Business

In 2007, Payne joined Fox Business as a contributor.[9] In 2014, he became the host of Making Money with Charles Payne.[9]

In June 2019, Payne claimed, "When President Obama was elected, the market crashed … Trump was up 9%, President Obama was down 14.8% and President Bush was down almost 4%. There is an instant reaction on Wall Street."[10] PolitiFact described the claim as "mostly false", noting that while the numbers put forth are correct experts dismiss the causal claims put forth by Payne, and instead attribute the market crash to broader economic forces and long-term trends.[10]

Rape accusation

In July 2017, Payne was suspended by Fox Business pending an investigation after a former network guest, Scottie Nell Hughes, accused him of rape.[11] Payne denied the charge, but acknowledged having had a three-year-long "romantic relationship" with Hughes before the accusation was made. Hughes, who kept an apartment near Fox's Manhattan headquarters for the duration of the affair, claimed she believed it would help her obtain a permanent position at the network.[12] Her appearances were drastically reduced after she ended the affair in 2015 and reported Payne to Fox.[13] On 8 September 2017, Payne's suspension was lifted.[14]

Personal life

Payne is a resident of Teaneck, New Jersey.[15] He is married to Yvonne Payne.[16][17]

See also

References
  1. "Charles Payne: Cramer's Never Wrong, and That's the Problem!". Fox Business. March 4, 2016. Archived from the original on November 25, 2020. Retrieved March 4, 2022.
  2. "Charles Payne Speech: Marist College". Marist College. Archived from the original on March 14, 2014. Retrieved August 8, 2014.
  3. Charles Payne (July 19, 2011). Charles Payne presenting at NYSCIO conference, July 2011, Marist College. YouTube. Marist College. Archived from the original on March 4, 2022. Retrieved March 4, 2022.
  4. "Charles Payne – Personality Bio". Fox Business. Archived from the original on August 27, 2011. Retrieved August 31, 2011.
  5. "Corporate Information". Wall Street Strategies. Archived from the original on June 12, 2021. Retrieved March 4, 2022.
  6. Neal, Jeff (November 21, 2008). "Interview Central: Charles Payne, Part I". Forbes. Archived from the original on November 12, 2014.
  7. "Litigation Release No. 16248 / August 11, 1999". U.S. Securities and Exchange Commission. August 11, 1999. Archived from the original on July 23, 2021. Retrieved August 8, 2014.
  8. Payne, Charles V. (May 2007). Be Smart, Act Fast, Get Rich: Your Game Plan for Getting It Right in the Stock Market. Hoboken, New Jersey: John Wiley & Sons. ISBN 978-0-470-07501-2. LCCN 2006039467. OCLC 769042806 – via Google Books.
  9. Concha, Joe (June 7, 2017). "Fox Business re-signs Charles Payne to multi-year contract". The Hill. Archived from the original on December 11, 2020. Retrieved July 2, 2019.
  10. McCarthy, Bill (June 25, 2019). "Fox Business host wrongly claimed market crashed as 'instant reaction' to Obama's 2008 election". PolitiFact. Archived from the original on April 8, 2021. Retrieved July 2, 2019.
  11. Steel, Emily (September 19, 2017). "Woman Says Fox News Banned Her After She Accused Charles Payne of Rape". The New York Times. ISSN 1553-8095. OCLC 1645522. Archived from the original on January 30, 2022. Retrieved March 9, 2019.
  12. Ali, Yashar (July 6, 2017). "Conservative Analyst Scottie Nell Hughes Accuses Fox Business Host of Sexual Harassment". HuffPost. Archived from the original on December 16, 2021. Retrieved July 7, 2017.
  13. Battaglio, Stephen (July 6, 2017). "Fox suspends business news host Charles Payne amid sexual harassment allegations". Los Angeles Times. Archived from the original on January 26, 2022. Retrieved July 7, 2017.
  14. Steinberg, Brian (September 8, 2017). "Charles Payne Will Return to Fox Business Following Sexual Harassment Investigation". Variety. ISSN 0042-2738. OCLC 1165448508. Archived from the original on May 4, 2021. Retrieved September 8, 2017.
  15. Curry, Suzanne (June 6, 2014). "Teaneck's Charles Payne Now Host of Making Money With Charles Payne on Fox Business Network". Suzee's Behind the Scenezz. Archived from the original on April 12, 2021. Retrieved August 8, 2014.
  16. Moss, Linda; Williams, Barbara (June 8, 2014). "Teaneck heart recipient walks to raise awareness of organ donorship". North Jersey Media Group. Archived from the original on June 10, 2014. Retrieved December 20, 2014.
  17. Moss, Linda; Williams, Barbara (June 9, 2014). "Heart recipient making great strides: Teaneck woman is raising money, awareness with inspirational story". The Record. Vol. 120, no. 5 (Passaic-Morris ed.). Hackensack, New Jersey: North Jersey Media Group. p. A1. Retrieved March 4, 2022 – via Newspapers.com.
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