The Fairfax Files

Michael Hershman

Welcome to The Fairfax Files, a case-study interview series exploring the systemic risks threatening global business, government, and public trust. Hosted by Michael J. Hershman, a former Watergate investigator and co-founder of Transparency International, this show goes behind the headlines to dissect how vulnerabilities escalate into crises. From corporate governance failures to global fraud and government integrity, we examine what went wrong and what must change. Join us for unfiltered, high-stakes conversations where risk meets accountability.

Episodes

  1. Oct 5

    Pay to Play: Politics, Money, and the Business of American Sports With Marc Edelman

    A country this size has never won a World Cup. Marc Edelman says the reason starts with who can afford to play. New episode out now. Michael J. Hershman sits down with Marc Edelman, nationally recognized sports law scholar, attorney and commentator, for a conversation about who really controls American sport and who pays for it. Inside this one: whether political controversy had anything to do with the United States losing to Belgium; how the Ted Stevens Act of 1978 handed a single association quasi government power over Olympic and World Cup sport, whatever the official line about politics and sport being separate; why smaller soccer nations like Norway and Cape Verde keep producing players the United States does not, and what early specialization and a pay to play youth system do to the kids who cannot afford the travel team; how non revenue college sport quietly became a second admissions route into elite schools; and the point where Hershman and Edelman openly disagree, which is Name, Image and Likeness, defended here as a correction to a system Edelman calls an antitrust violating cartel. They also get into the commercialization that has taken the fun out of youth sport, what free agency did and did not do to fan loyalty, and close on a wager about which arrives first, a World Cup for the United States or another title for the Washington Nationals. 🎧 EP8 of The Fairfax Files Podcast - "Pay to Play: Politics, Money, and the Business of American Sports" - host Michael J. Hershman in conversation with Marc Edelman (nationally recognized sports law scholar, attorney and commentator). Chapters:0:00 The World Cup, politics, and the US team3:11 Where government and international sports intersect6:59 Why US men's soccer trails smaller nations9:29 Pay to play youth sports and unequal access13:30 Commercialization, parental pressure, and lost fun16:59 NIL, college sports, and the antitrust case21:45 Transfers, fan loyalty, and financial guardrails27:31 Free agency and the myth of declining fan interest30:43 Sports as a social outlet and universal language33:50 FIFA corruption and the limits of self-governance38:30 Transparency, independent oversight, and reform #MarcEdelman #MichaelHershman #SportsLaw #TheFairfaxFiles #NewEpisode

    Pay to Play: Politics, Money, and the Business of American Sports With Marc Edelman
  2. Sep 15

    Crypto, Con Men, and the Golden Age of Fraud With Ben McKenzie

    Crypto promised money that needs no trust. Ben McKenzie thinks that promise is the con. New episode out now. Michael J. Hershman sits down with Ben McKenzie, actor turned author, known for The O.C., Southland and Gotham, and now one of crypto's best known skeptics, for a conversation about fraud, money and what happens to a country that stops trusting its own institutions. Inside this one: why an economics graduate watching crypto ads around live sport in 2021 decided he had a duty to warn people, and what it felt like to be proved right in 2022; what he learned interviewing Sam Bankman Fried and Alex Mashinsky before both went to prison, and why he thinks most frauds start with one small lie rather than a plan; how Trump coin worked, and why the family reportedly cleared 1.4 billion dollars while investors lost multiples of that; the 42 percent of young men who have bought crypto and the advertising that put them there; and why he argues money cannot be trustless, because trust is the only thing money has ever been. He also makes the case that the 40 trillion dollar national debt and the crypto boom are the same problem wearing different clothes, and that neither gets fixed until the system looks fair enough to believe in. 🎧 EP7 of The Fairfax Files Podcast - "Crypto, Con Men, and the Golden Age of Fraud" - host Michael J. Hershman in conversation with Ben McKenzie (actor turned author, known for The O.C., Southland and Gotham, and now one of crypto's best known skeptics). ▶️ Watch the full episode: https://youtu.be/YYB2hHaZU3Y #BenMcKenzie #MichaelHershman #Crypto #TheFairfaxFiles #NewEpisode

  3. Aug 28

    Power, Propaganda, and a Reshaped Middle East With Hagar Chemali

    "She spent 12 years inside the rooms where America decides who to sanction and who to fight. She is not sentimental about any of it. New episode out now. Michael J. Hershman sits down with Hagar Chemali, former spokesperson for the U.S. Mission to the United Nations, former Treasury and White House official and host of Oh My World, for a conversation about power, extremism, influence and accountability across the Middle East. Inside this one: why she thinks there is no lasting peace with Iran while the regime survives, and why she still has hope for the country behind it; how October 7 became, in her words, the biggest strategic mistake Iran and Hamas could have made, and why more countries are quietly exploring peace with Israel because of it; what she saw of Hamas treating its own people as weapons in an information war; the countries outspending Israel on influence in Washington and the parts of that spending that never look like lobbying; the new Lebanon Israel Peace Alliance she co-founded and the first signed agreement between the two countries in over 40 years; and why she believes the UN needs to be burned to the ground and rebuilt. She also tells Hershman what actually differs between the Bush and Obama administrations she served in, and what her Columbia graduate students are telling her about a generation walking away from patriotism. 🎧 EP6 of The Fairfax Files Podcast - ""Power, Propaganda, and a Reshaped Middle East"" - host Michael J. Hershman in conversation with Hagar Chemali (former spokesperson for the U.S. Mission to the United Nations, former Treasury and White House official and host of Oh My World). #HagarChemali #MichaelHershman #MiddleEast #TheFairfaxFiles #NewEpisode"

    Power, Propaganda, and a Reshaped Middle East With Hagar Chemali
  4. May 14

    You Can Win the War on Crime and Lose the War on Confidence With John Miller

    In this episode of The Fairfax Files, Michael Hershman returns to the conversation with veteran journalist and law enforcement leader John Miller, CNN's chief law enforcement and intelligence analyst, and a former assistant director of the FBI, deputy commissioner of the NYPD, and deputy commissioner of the LAPD. Two security and investigation icons take on the questions defining American public life right now: why New York City can post historic lows in murder, shootings, and burglary while millions of residents still feel unsafe, and what to do about it. Miller breaks down the gap between crime statistics and lived experience on the streets, in the parks, and on the subway, and lays out a “CompStat for mental health,” a daily, accountability-driven coordination of police, EMS, mental health, and social services that he argues could be stood up tomorrow with no new agency and no new funding. The conversation turns to the Savannah Guthrie kidnapping in Tucson: what investigators have likely already concluded, what the ransom-by-crypto demand tells us, why the case carries the hallmarks of a “kidnapping gone wrong,” and what makes it unlike the high-profile cases Miller worked at LAPD. Hershman and Miller then take on the Jeffrey Epstein aftermath: how a botched first prosecution in Florida set the stage for everything that followed, why opening a long-running criminal file to the public is producing unintended casualties, and how a master con man read powerful people so well that none of them ended up the better for it. The episode closes on civility, Gen Z, faith, patriotism, and the question Hershman keeps returning to in this 250th year of American independence: what kind of world have we created for the next generation, and is it still possible to turn it around? From CompStat to crypto kidnappings, and from the Epstein files to the slow erosion of civic trust, The Fairfax Files goes inside the conversations that shape how power, corruption, and accountability actually play out.

About

Welcome to The Fairfax Files, a case-study interview series exploring the systemic risks threatening global business, government, and public trust. Hosted by Michael J. Hershman, a former Watergate investigator and co-founder of Transparency International, this show goes behind the headlines to dissect how vulnerabilities escalate into crises. From corporate governance failures to global fraud and government integrity, we examine what went wrong and what must change. Join us for unfiltered, high-stakes conversations where risk meets accountability.