The FBI is looking to identify potential victims who invested with Rodney Grubbs pickleball business.
INDIANAPOLIS — The FBI is seeking to identify potential victims who invested in the now-defunct Pickleball Rocks company following Wednesday’s raid on its former owner’s Brookville home.
According to a release from the FBI’s Indianapolis Division, on the morning of Dec. 4, federal agents, alongside the IRS-CI, the Indiana Secretary of State Securities Division, Brookville Police Department and Franklin County Sheriff’s Department, raided the home of Grubbs, who is accused of swindling investors who bought into his pickleball equipment company.
A new Pickleball Rocks
The assets, websites and brands associated with Grubbs were auctioned off as part of bankruptcy proceedings.
A group of entrepreneurs and pickleball enthusiasts in Indianapolis bought the name and much of the merchandise and started a new Pickleball Rocks company. According to the Indiana Secretary of State’s website, the new business was licensed in August of 2024.
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