In an article from Hayden's next film, Shattered Glass, here's an excerpt from nationalpost.com:

... Stephen Glass is the hotshot young magazine writer who fabricated incidents in 27 out of 41 stories he penned for The New Republic magazine before he was busted in 1998. He scammed Rolling Stone, Harper's and George, too, inventing scenarios and sources from scratch, even building a fake Web site and falsifying voice mail messages to foil fact checkers.

When Glass's fictions were exposed, the ethical breach shocked journalists. But it fascinated, too, because Glass is what we love most: a great story (albeit one about making up the great story you couldn't get). A much-discussed 1998 Buzz Bissinger piece in Vanity Fair documented the fall of the privileged young Ivy Leaguer from wealthy suburban Illinois. Only Hollywood loves a tarnished golden boy more than journalists, and Bissinger's article has now become a movie. In Shattered Glass, Christensen plays Steve Glass.

Hit the link above for the full story. It's an interesting read. Thanks to Mike Smith for the heads up.