Rodney ‘Rocket’ Grubbs, the CEO of Pickleball Rocks, a popular pickleball clothing brand, was accused of running a Ponzi scheme. Born on , , Rodney Grubbs hails from Brookville, United States. As in 2025, Rodney Grubbs's age is N/A. Check below for more deets about Rodney Grubbs. Learn more about Rodney Grubbs facts, biography, age, birthday, trivia and more.
Rodney Grubbs Profile:
| Stage Name | Rodney Grubbs |
| Real Name | Rodney Grubbs |
| Profession(s) | Entrepreneur, |
| Birthday | , |
| Zodiac Sign | |
| Age | N/A |
| Gender | Male |
| Birthplace | Brookville, United States |
| Hometown | Brookville, Indiana, United States |
| Nationality | American |
Rodney Grubbs Family | |
| Father: | Not Available |
| Mother: | Not Available |
| Brother(s): | Not Available |
| Sister(s): | Not Available |
Family and Personal Life
- Rodney Grubbs‘ father’s name is Not Available and Rodney Grubbs‘ mother’s name is Not Available.
Rodney Grubbs Trivia
- Rodney Grubbs was born in Brookville, United States.
- Rodney Grubbs’s birth sign is .
- Introduction: Rodney ‘Rocket’ Grubbs, from Brookville, Indiana, rose to prominence as CEO of Pickleball Rocks, a popular pickleball clothing brand.
- Career Beginnings: In 2009, Rodney Grubbs founded Pickleball Rocks, which sells pickleball apparel and equipment.
- Pickleball Ambassador: Grubbs earned the title of ‘pickleball’s ultimate ambassador’ and became well-known in the pickleball community for his active participation in tournaments worldwide.
- Projected Revenue: Pickleball Rocks had a projected revenue of $1 million for the year 2022.
- Alleged Ponzi Scheme: Grubbs was accused of running a Ponzi scheme by convincing 250 wealthy friends to invest millions in his business and then refusing to repay them.
- Investor Recruitment: Grubbs persuaded investors from the US, Canada, and Portugal to invest significant amounts in Pickleball Rocks when the company needed additional funding.
- Cease and Desist Order: In January, the Indiana Secretary of State’s securities division issued a cease and desist order against Grubbs for an alleged fraudulent investment scheme.
- Legal Challenges: Rodney Grubbs is facing four lawsuits from investors seeking remedies, one of which calls for him to file Chapter 7 bankruptcy.
- Financial Situation: Grubbs claims to be financially strained, with only 11 rental properties worth $800,000 and $150,000 in equipment and apparel from Pickleball Rocks.
- Investment Pitch: Grubbs guaranteed investors a 12 percent interest rate compounded monthly and a lump sum repayment after 18 months in his investment pitch.
- Victims’ Testimonies: Investors, including Teri Siewert and Ron Ponder, spoke out against Grubbs, accusing him of taking advantage of their trust and fleecing them of significant amounts.
- Losses and Betrayal: Teri Siewert and others lost their retirement funds after investing with Grubbs, resulting in legal action.
- Social Media Exposure: Investors shared their negative experiences on social media, prompting over 20 others to do the same.
- Compensation Offer: After going public, Teri Siewert received $56,000 as compensation to end their online presence.
- Betrayal of Community Trust: Grubbs’ alleged actions harmed the pickleball community by exploiting his own and others’ reputations.
- Notable Investor: Ron Ponder, an Oklahoma-based pickleball referee, invested $65,000 in Grubb’s venture and was surprised at the outcome.
- Legal Defense Claim: Grubbs argues that he cannot afford an attorney to defend against legal challenges from investors seeking compensation.
- Community Impact: Grubbs’ alleged actions had a significant impact on the pickleball community, damaging trust and affecting individuals from various professions, including doctors, lawyers, and professors.
- Legal Status: As of now, Rodney ‘Rocket’ Grubbs has not been charged with any crime related to the accusations against him.
FAQs
Who is Rodney ‘Rocket’ Grubbs?
The CEO of Pickleball Rocks, a pickleball clothing brand, has been accused of running a Ponzi scheme.
What is Rodney Grubbs’ job?
Rodney Grubbs is the CEO of Pickleball Rocks, which specializes in pickleball apparel and equipment.
How old is Rodney ‘Rocket’ Grubbs?
The provided information does not specify Rodney Grubbs’ exact age.
What did Rodney ‘Rocket’ Grubbs do?
Rodney Grubbs, the CEO of Pickleball Rocks, has been accused of running a Ponzi scheme. He allegedly persuaded approximately 250 people, including friends and investors, to contribute millions to his business and then refused to repay them, resulting in legal consequences and financial judgments.