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Dennis Rodman -- 'Person of Interest' ... In Hit & Run Investigation

Dennis Rodman has been named a "person of interest" in a hit-and-run investigation in Santa Ana, CA -- after a late night collision Wednesday morning ... TMZ Sports has learned.

It's all based around an accident on the I-5 Freeway just after midnight. The California Highway Patrol responded a smashed BMW ... Dennis was NOT at the scene.

But someone at the scene told CHP that there was another car involved -- and Dennis was in it.

Cops are investigating -- and we're told at least one witness says Dennis was spotted at a bar, singing karaoke before the crash.