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FBI Raids Home Of Man Who Allegedly Owes Over $50M To His Pickleball Company Investors
by Larry Leo
December 6, 202413 Comments
Even pickleball isn't safe from scandal. On Wednesday, the FBI raided the Indiana home of a man who is accused of defrauding investors in his pickleball company of more than $50 million. Per The Kitchen...
quote:
Rodney “Rocket” Grubbs, the former owner of apparel and equipment brand Pickleball Rocks, was forced into bankruptcy earlier this year by a federal court after hundreds of investors said he had defrauded them of millions of dollars.
…Many of the investors, including an 87-year-old woman who says Grubbs pressured her into using some of her retirement money, have said they couldn’t get Grubbs to return their money and think he should be held criminally liable for the alleged fraud. It’s unclear what federal agents were searching for at Grubbs’ home in Brookville, Indiana, on Wednesday, but the agency issued a statement urging potential victims in the scandal to come forward.
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(The Kitchen)Filed Under: Pickleball
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