Charles Payne (television personality)

Charles V. Payne (born November 15, 1960) is an American Fox Business Network contributor[1] and host of Fox's Making Money with Charles Payne.

Charles Payne
Born (1960-09-15) September 15, 1960
EducationMinot State University, Central Texas College
OccupationNews anchor, TV personality
Spouse(s)Yvonne 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] 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.[3] Payne is the chief executive officer and principal financial analyst of Wall Street Strategies,[4] a stock market research firm he founded in 1991.[5]

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.[6]

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.[7]

Fox Business Channel

In 2007, Payne joined Fox Business as a contributor.[8] In 2014, he became the host of Making Money with Charles Payne.[8]

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."[9] PolitiFact described the claim as "mostly false", noting that experts completely dismiss the causal claims put forth by Payne, and instead attribute the market crash to broader economic forces and long-term trends.[9]

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.[10] 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.[11] Her appearances were drastically reduced after she ended the affair in 2015 and reported Payne to Fox.[12] On September 8, 2017, Payne's suspension was lifted.[13]

Personal life

Payne is a resident of Teaneck, New Jersey.[14] He is married to Yvonne Payne.[15]

See also

References
  1. "Archived copy". Archived from the original on December 30, 2014. Retrieved December 30, 2014.CS1 maint: archived copy as title (link)
  2. "Charles Payne Speech: Marist College". Marist.edu. Archived from the original on March 14, 2014. Retrieved August 8, 2014.
  3. "Charles Payne – Personality Bio". Fox Business. Archived from the original on August 27, 2011. Retrieved August 31, 2011.
  4. wstreet.com Archived September 2, 2011, at the Wayback Machine
  5. Forbes: Interview Central: Charles Payne
  6. "Litigation Release No. 16248 / August 11, 1999". Sec.gov. August 11, 1999. Retrieved August 8, 2014.
  8. Master, Cyra (June 7, 2017). "Fox Business re-signs Charles Payne to multi-year contract". TheHill. Retrieved July 2, 2019.
  9. "Fox host says market crashed as reaction to Obama election". @politifact. Retrieved July 2, 2019.
  10. Steel, Emily (September 18, 2017). "Fox News Guest Says Rape Allegation Blacklisted Her". The New York Times.
  11. Ali, Yashar (July 6, 2017). "Conservative Analyst Scottie Nell Hughes Accuses Fox Business Host of Sexual Harassment". HuffPost. Retrieved July 7, 2017.
  12. Battaglio, Stephen (July 6, 2017). "Fox suspends business news host Charles Payne amid sexual harassment allegations". Los Angeles Times. Retrieved July 7, 2017.
  13. Steinberg, Brian (September 8, 2017). "Charles Payne Will Return to Fox Business Following Sexual Harassment Investigation". Variety. Retrieved September 8, 2017.
  14. Curry, Suzanne (June 6, 2014). "Teaneck's Charles Payne Now Host of Making Money With Charles Payne on Fox Business Network". SuzeeBehindTheScenes. Retrieved August 8, 2014.
  15. "Teaneck heart recipient walks to raise awareness of organ donorship". NorthJersey.com. Retrieved December 20, 2014.
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