Zealot Networks draws suitors, Nevada official concerned Faraday Future caught in Ponzi scheme, and Rubicon reports record video advertising surrounding election.

Zealot Networks Draws Suitors

Two years after Maker Studios co-founder Danny Zappin was ousted as head of the online video firm, a group of former and current executives at his new venture, Zealot Networks, is trying to acquire the branded content company and replace him as chief executive, reports the L.A. Business Journal. Zealot co-founder Robert Vanech, the firm’s former chairman and chief financial officer, said he had approached Zappin about the deal and was seeking the backing of private investors and a publicly traded media company to back the bid.

Nevada Official Concerned Faraday Future Caught in Ponzi Scheme

Nevada State Treasurer Dan Schwartz said the company looks to be caught up in a Ponzi scheme with its parent company LeEco, reports the Review Journal. Schwartz said he is suspicious of money being passed around from one LeEco company to another in an effort to ward off investor angst.

Rubicon Reports Record Video Advertising Surrounding Election

Advertising exchange Rubicon Project reported that it saw record amounts video advertising watched surrounding the election, according to a press release. The most watched and followed news event of the year saw a massive spike of advertising spend transacted across Rubicon Project’s global mobile and desktop advertising exchange, with video being the clear format of choice as people turned to their mobile devices and laptops for real-time updates.

Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.