Brookville-based Pickleball Rocks owner liable for $47M in debt

Was accused of swindling millions of dollars

(INDIANAPOLIS) – The owner of Brookville-based Pickleball Rocks is now liable for more than $47 million in debt. 

According to the U.S. Department of Justice, Rodney Grubbs has agreed to waive his bankruptcy discharge after an investigation by the department's U.S. Trustee Program. 

The Bankruptcy Court for the Southern District of Indiana approved a voluntary waiver of discharge by Grubbs in May.

As a result, Grubbs remains personally liable for his debts, and creditors are free to pursue payment from him after the case is closed.

Grubbs owned the pickleball apparel and equipment company and was found to have swindled investors out of millions of dollars through the business. 

Investigators said he solicited investments from pickleball players and fans from across the United States, usually in the form of promissory notes with purportedly guaranteed interest rates of 10 percent or higher.

“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. “Our commitment to protecting consumers and those who fall victim to various schemes that come to light in bankruptcy is unwavering.”