Hattiesburg Attorney and former jailbird Corey Ferraez faces more problems in court as a lawsuit accuses him of bilking $250,000 from investors in his proposed medical marijuana dispensary.
Michael Boyd, Don Blades, and BFLB Holdings, LLC sued Corey Ferraez and three Ferraez-owend companies on May 15, 2024 in Forrest County Circuit Court.The complaint claims Ferraez solicited $250,000 from the plaintiffs to invest in an Ocean Springs cannabis dispensary the attorney planned to open. Boyd and Blades would allegedly own 40% of the company. The complaint took what is now a familiar turn:
Despite wiring $250,000.00 to Ferraez Enterprises LLC as instructed by the Defendants on or about October 19, 2022, and despite multiple promises for updates and promises that the Ocean Springs dispensary would open no later than December 2023, Ferraez and the other Defendants failed and refused to provide meaningful updates and have failed and refused to account for any of the funds which were provided to the Defendants. 18. Tndeed, it appears as though no progress has been made towards opening of an Ocean Springs dispensary and that the funds have been dissipated for the personal use of the Defendants to the detriment of the Plaintiffs. 19. 1n December 2023, in response to concerns of the Plaintiffs, Ferraez offered to reimburse the Plantiffs their S2S0,000.00. 20. The Plaintiffs accepted this offer. Despite the Plaintiffa' acceptance of Ferraez's offer, the Plaintiffs' $250,000.00 bas not been returned in breach of Ferraez's representation and agreement.
The complaint asks for an accounting and charges the defendants with breach of contract, breach of fiduciary duty, breach of covenant of good father, embezzlement, unjust enrichment, and intentional infliction of emotional distress. The plaintiffs ask for real and punitive damages.
The Court is considering a motion to dismiss the case filed by Ferraez. Ferraez represents himself. Attorney Paul Anderson represents the plaintiffs. Circuit Judge Wes Curry, IV presides over the case.
Synopsis of The Corey Chronicles
A Forrest County grand jury indicted attorney Corey Ferraez in October 2021 for embezzlement by attorney, conspiracy to obtain signature with intent to defraud, and mail/wire fraud. Corey's twin brother Jace was also indicted for conspiracy to obtain signature with intent to defraud.
The story begins when Corey was a partner at the Holmes, McLelland, & Farraez law firm. As so many lawyers do, Corey and his firm divorced. The lawyer was "obligated to pay the firm, now McHard, McHard, Anderson, and Associates, PLLC 20% of all attorneys fees in cases included in the settlement agreement.
The list of cases included the representation of Shawn Vaughn. Corey represented Vaughn in a personal injury lawsuit as well as her Chapter 13 bankruptcy petition. Corey settled Vaughn's lawsuit for $650,000. The attorney's fees were $260,000. Thus Corey allegedly owe $52,000 to his former firm. However, the indictment claims he had other ideas.
Count I accuses Corey of filing a bogus lien against the bankruptcy estate on behalf of MMAA for $52,000 in March 2020. The bankruptcy court approved payment of the lien. Thus Corey managed to pay his former law firm by sticking his client with the bill, forcing her to pay $312,000 in attorney's fees.
Ferraez's problems with the legal system were only just beginning. The grand jury indicted him in a separate case in October 2021 for four counts of embezzlement. Earlier post
The indictments have a rather curious history. All twelfth circuit court judges recused themselves. The Mississippi Supreme Court appointed Special Circuit Judge Forrest Johnson to hear the case. The Court appointed then-Fourteenth District Attorney Dee Bates to prosecute both cases. However, Bates retired and the current District Attorney, Brendan Adams, withdrew from the case in April 2024, claiming his caseload was too great.
Judge Johnson directed Forrest County District Attorney Lin of the Clan of Carter to appoint a special prosecutor. However, Carter never got the order. The problem was rectified when he appointed Rankin-Madison District Attorney Bubba Bramlett to prosecute the case in July 2025.
Ferraez got into more trouble in Perry County Chancery Court . The attorney represented Sylvia Weatherford in a wrongful death lawsuit after her husband died in an automobile accident. The insurance company paid $450,000 to Ferraez and settled the case. However, the lawyer inexplicably did not turn over any funds to his client, forcing her to take out high-interest pre-settlement loans. Ferraez repeatedly blew off hearings until Chancellor Sheila Smallwood ordered them to appear at a show-cause hearing and deposit $450,000 with the Court.
Ferraez ignored the hearing so Judge Smallwood ordered his incarceration on June 16. Ferraez was a fugitive until a week ago when he surrendered. While on the lam, he deposited $215,000 with the Court, claiming he took out his attorney's fees.
The Chancellor admonished him in court last week as she called out his lies. The Court earlier ruled Ferraez could not pay himself his fees until they were approved by the Court, which did not happen. The Chancellor said Ferraez still owed $195,168. The lawyer and antique enthusiast claimed he could not access his bank account as the bank had closed it dues to media scrutiny. Judge Smallwood did not allow him to pass go and sent him straight to jail. Ferraez filed a notice of appeal to the Mississippi Supreme Court, protesting his incarceration. Earlier post.
Julia Bullock, a former Ferraez client, sued the attorney in Forrest County Circuit Court on June 30. The plaintiff was injured in a car wreck. State Farm paid $140,000 to Ferraez on behalf of his client in late 2023. The complaint claims Ferraez withheld $25,000 from the client despite repeated assurances he would forward the proceeds. Ferraez made two partial payments of $6,500 but Bullock says he still owes her $18,500. Earlier post.
More clients are expected to file lawsuits against Ferraez.
Lawsuits filed against Ferraez:
2021: Indictment for embezzlement
2021: Indictment of embezzlement
2025: Contempt of court incarceration in Perry County for possible embezzlement.
2025: Orloff lawsuit for embezzlement.
2025: Bullock lawsuit for embezzlement.
31 comments:
Practicing law is a full-time job. It just doesn't lend itself to side-hustles.
Ho-Lee-Cheet! This guy is a scumbag! Where is the money? That's a lot of coin to be scamming.
More reefer madness.
Surprise
surprise
surprise!
He is literally no different than 100% of all other lawyers. He is just young and reads a lot of Reddit and Social Media.
This whole thing is going to be an excellent Netflix series once the path of destruction is fully accounted for.
What mental condition/psychopathy leads a person to act this way, knowing from his legal education and career experience that he can't possibly get away with it?
Has anyone looked to see how many apparently weed related entities have his name in the filings at the MS SOS?
!!!
Mike Boyd is a now-dead Greenville attorney, Don Blades was his husband, and this one could get VERY interesting if it actually goes any further. I'd be curious to know how Boyd and Ferraez wound up even discussing opening a weed store in Ocean Springs. IAC, it seems pretty clear that there is a lot more in claims than Ferraez can possibly pay, so this one might just be to make sure the write-off is well-documented.
Bankruptcy coming in 9…8…7…
Where is Joey Guichet?
Anyone ever eaten at Big Ass Bagels?
lol
Can't discharge fraud, embezzlement, and other intentional and/or criminal acts in bankruptcy.
Good job MS GOP legalizing weed in the state
Is anyone the slight bit curious that the lawyers suing Ferraez are his former law partners? Not saying Ferraez hasn't done what he did, but all the lawyers on the other side of him have an axe to grind. Maybe they're trying to get their money back from Ferraez though billable hours or contingent fees?
Where is Perry Mason?
It's spelled "Cory" in his Secretary of State corporation filings.
Likely he lost it in one or more casinos.
Corry Ferraez is listed in at least four cannibis related corporate filings per Sec. of State.
The "my medicine" hoax strikes again. When are people going to learn it's just a bunch of pot heads trying to legalize recreational weed. And there are people with money getting duped all over the place by some hustlers.
Yes! Or, to quote Angela Channing, on Falconcrest, "Sleep with the Devil, and you'll have Hell to pay, in the morning." Others refer to such things as 'The Wages of Sin".
Have pity on all the sick people in Ocean Springs who need their magical dope.
Just know that if you get into the legal weed business, you will be competing with people who have many, many more years of experience in this particular industry than you do.
Has nothing to do with the weed business. He also stole from clients who lawfully had money coming from judgements. Is it the lawsuits’ fault or the plaintiff’s that he stole from them?
"Can't discharge fraud, embezzlement, and other intentional and/or criminal acts in bankruptcy."
Using the loosest of 'discharge' definitions, don't tell McHenry that.
Shoot, a fella could have a pretty good time in Vegas with all the money he's embezzled...
Antisocial Personality Disorder....in layman's terms, a Psychopath. They are formed, not born. Interesting that we haven't heard exactly who his parents are. THEY are the real culprit for shaping this POS....and are no doubt still assisting him through all of this.
Connecting the Forrest County dots… Corey’s former law partner, Mary Lee Holmes, is a daughter of Bud Holmes, who is a former law partner of Mike Randolph, the current Mississippi Supreme Court chief justice.
And I reiterate, no good comes from weed. Not ever. You need to remember that.
@4:36 pm has the truth in him.
And?
@thelaw: Maybe Netflix will want to interview you seeing how you are so knowledgeable about the law! Your comments are enlightening. Keep'em coming!
Post a Comment