Charles Payne (journalist)

Charles Payne
Born Charles V. Payne
(1960-09-15) September 15, 1960
Residence Teaneck, New Jersey, U.S.
Education Minot State University, Central Texas College
Occupation News anchor, TV personality
Spouse(s) Yvonne Payne
Children 2

Charles V. Payne (born November 15, 1960) is a Fox Business Network contributor[1] and host of Fox's Making Money with Charles Payne. He was formerly co-host of Varney & Co. He joined the network at its launch in October 2007. Payne is also a contributor to the Fox News Channel, frequently appearing on shows such as Cashin' In, Cavuto on Business, and Bulls and Bears. In addition to his work with Fox, Payne also hosts his own daily syndicated talk show, The Payne Nation, by Sun Broadcast Group.[2]

Biography

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.[3] Payne attended Minot State University and Central Texas College while in the service. Payne began his career on Wall Street as an analyst at E.F. Hutton in 1985.[4]

Payne is also the chief executive officer and principal financial analyst of Wall Street Strategies,[5] an independent 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]

Publishing

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]

Personal life

Payne is a resident of Teaneck, New Jersey.[9] He is married to Yvonne Payne.[10]

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 September 8, 2017, Payne's suspension was lifted.[14]

References

  1. ↑
  2. ↑ "PayneNation Homepage". Archived from the original on October 19, 2011. Retrieved October 17, 2011.
  3. ↑ "Charles Payne Speech: Marist College". Marist.edu. Retrieved August 8, 2014.
  4. ↑ "Charles Payne – Personality Bio". Fox Business. Retrieved August 31, 2011.
  5. ↑ wstreet.com Archived September 2, 2011, at the Wayback Machine.
  6. ↑ Forbes: Interview Central: Charles Payne
  7. ↑ "Litigation Release No. 16248 / August 11, 1999". Sec.gov. August 11, 1999. Retrieved August 8, 2014.
  8. ↑
  9. ↑ 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.
  10. ↑ "Teaneck heart recipient walks to raise awareness of organ donorship". NorthJersey.com. Retrieved December 20, 2014.
  11. ↑ Steel, Emily (September 18, 2017). "Fox News Guest Says Rape Allegation Blacklisted Her". The New York Times.
  12. ↑ Ali, Yashar (July 6, 2017). "Conservative Analyst Scottie Nell Hughes Accuses Fox Business Host of Sexual Harassment". HuffPost. Retrieved July 7, 2017.
  13. ↑ Battaglio, Stephen (July 6, 2017). "Fox suspends business news host Charles Payne amid sexual harassment allegations". Los Angeles Times. Retrieved July 7, 2017.
  14. ↑ Steinberg, Brian (September 8, 2017). "Charles Payne Will Return to Fox Business Following Sexual Harassment Investigation". Variety. Retrieved September 8, 2017.
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