Charles V. Payne (born ) is an American

Fox Business Network Fox Business (officially known as Fox Business Network, or FBN) is an American business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenu ...

financial journalist and host of Fox's ''Making Money with Charles Payne''.

Early life and education

At 17 years old, he enlisted in the

United States Air Force The United States Air Force (USAF) is the Aerial warfare, air military branch, service branch of the United States Armed Forces, and is one of the eight uniformed services of the United States. Originally created on 1 August 1907, as a part ...

and went on to serve as a security policeman stationed at

Minot Air Force Base Minot Air Force Base is a U.S. Air Force installation in Ward County, North Dakota, north of the city of Minot via U.S. Route 83. In the 2020 census, the base was counted as a CDP with a total population of 5,017, down from 5,521 i ...

Minot, North Dakota Minot ( ) is a city in and the county seat of Ward County, North Dakota, United States, in the state's north-central region. It is most widely known for the Air Force base approximately north of the city. With a population of 48,377 at the 2 ...

. Payne attended

Minot State University Minot State University (MSU or MiSU) is a public university in Minot, North Dakota. Founded in 1913 as a normal school, Minot State University is the third-largest university in North Dakota, offering undergraduate and graduate degree programs. ...

and

Central Texas College Central Texas College (CTC) is a community college in Killeen, Texas. Founded in 1965, it has branch campuses in Europe and on military installations across the U.S. History Central Texas College was established by a vote of the citizens of C ...

while in the service.

Career

Finance industry

Payne began his career on Wall Street as an analyst at E. F. Hutton in 1985. Payne is the chief executive officer and principal

financial analyst A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, ...

of Wall Street Strategies, a stock market research firm he founded in 1991. 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. 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''. He has made several appearances on C-SPAN.

Fox Business

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

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. 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. Her appearances were drastically reduced after she ended the affair in 2015 and reported Payne to Fox. On , Payne's suspension was lifted.

Personal life

Payne is a resident of

Teaneck, New Jersey Teaneck () is a township in Bergen County, in the U.S. state of New Jersey. It is a bedroom community in the New York metropolitan area. As of the 2010 U.S. census, the township's population was 39,776, reflecting an increase of 516 (+1.3%) f ...

. He is married to Yvonne Payne.

References

External links

* * {{DEFAULTSORT:Payne, Charles 1960 births African-American journalists American chief executives American company founders American financial commentators American male journalists Central Texas College alumni EF Hutton people Fox Business people Living people Minot State University alumni New Jersey Republicans People from Teaneck, New Jersey Place of birth missing (living people) United States Air Force airmen Black conservatism in the United States