Pickleball Rocks ex-owner liable for more than $47 million in debt: DOJ
Share this @internewscast.com


INDIANAPOLIS — The former owner of Pickleball Rocks is now liable for more than $47 million in debt.

According to a news release from the U.S. Department of Justice, Rodney Grubbs recently agreed to waive his bankruptcy discharge after an investigation by the department’s U.S. Trustee Program. Because of this, Grubbs will be liable for his debt and “creditors are free to pursue payment from him after the case is closed.”

Grubbs, the former owner of All About Pickleball LLC, an apparel and equipment company that did business as Pickleball Rocks, was found to have swindled investors out of millions of dollars through his company. According to previous reports, Grubbs was ordered into Chapter 7 bankruptcy in February 2024 after he reportedly defaulted on numerous promissory notes.

The release said that Grubbs asked investors to participate in his company, including pickleball players and fans, through promissory notes with “purportedly guaranteed interest rates of 10% or higher.” This led to investors filing an involuntary bankruptcy petition against Grubbs.

Eventually, Grubbs disclosed nearly $1.6 million in assets and more than $47 million in liabilities, the majority of which is the debt owed to investors.

The release said that Grubbs waived his bankruptcy discharge after the investigation when they obtained Grubbs’ personal and business financial records. Officials stated that Grubbs also faces allegations from multiple creditors consistent with a Ponzi scheme.

“The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy system,” said U.S. Trustee Nancy J. Gargula for Region 10, which includes the Southern District of Indiana, in the release. “Our commitment to protecting consumers and those who fall victim to various schemes that come to light in bankruptcy is unwavering.” 

Share this @internewscast.com
You May Also Like

Sheriff Confirms Day Care Staff Adhered to Safety Procedures in Tragic Murder-Suicide

In a tragic incident at a day care in Donna on Wednesday,…

Farewell to a Legend: FWC Retires Iconic Offshore Patrol Vessel After 50 Years

ST. PETERSBURG, Fla. (WFLA) — After more than five decades of dedicated…

Suspect at Large: U of I Campustown Shooting Leaves One Hospitalized as Police Intensify Search

UPDATE at 10:30 a.m. CHAMPAIGN, Ill. (WCIA) — A man is currently…

Israel Launches Strikes on Gaza Following Alleged Hamas Assault on Troops, Testing Ceasefire’s Durability

In a significant test to the recent U.S.-brokered ceasefire intended to end…

Revised Student Loan Caps May Reshape Future Careers in Academia, Medicine, and Law

As millions of students return to their academic pursuits this year, many…

Texas National Guard Mobilized in Austin in Anticipation of ‘No Kings’ Demonstration

In a proactive move, Texas Governor Greg Abbott revealed on Thursday plans…

How the Trump Administration Aims to Slash Your Grocery Bills: Key Strategies Unveiled

President Donald Trump has revealed that his team is strategizing to make…

Storm Team 3 Forecast: Enjoy a Refreshingly Cool and Sunny Week Ahead!

SAVANNAH, Ga. — A cold front is set to usher in a…

Mid-Air Windshield Crack Forces Emergency Landing of LA-Bound Jet in Salt Lake City

LOS ANGELES (KTLA) Authorities are currently examining the circumstances surrounding a cracked…

Georgia Bureau of Investigation Releases Detailed Statement on Recent Officer-Involved Shooting

TOOMBS COUNTY, Ga. — An officer-involved shooting in Vidalia is currently under…

82-Year-Old Kansas Resident Poised to Set Record as Oldest to Reach Mt. Everest Base Camp

In an inspiring feat, an 82-year-old man from the Kansas City area…

FBI Investigates Suspicious Hunting Stand Overlooking Air Force One in Palm Beach

The FBI has launched an investigation into a hunting stand discovered within…