A 50 Cent associate has been arrested for allegedly pummeling and robbing Slowbucks of his chain at Hot 97's Summer Jam concert reports AllHipHop.com.

Mikey Fingers, who is purportedly a member of the rapper's entourage, is currently in jail for the assault and robbery of Slowbucks' jewelry.

In a tweet that has since been removed, concert promoter Mike Lighty accused Slow (of Slowbucks) of snitching to the police.

“#ShoutOut The coward @slowbucks For Snitching On the Homie Aka Tio #MikeyFingers!!!!!" he wrote. "These @slowbucks Cats talk about killing drugs and gangs But when the block Is flamming these be the same Cowards Snitching and pointing People Out... #Free my n---a #MikeyFingers!!!!”

While Lighty’s tweets were directed at the wrong Twitter user, Slowbucks did respond via Instagram denying that he talked with authorities.

I [see] this #Snitching s--- is getting outta hand... Da news #Conference y'all viewed was not about #PressingCharges or anything like that it was about #Brand #Management!" he writes. "Da brand consultant was explaining Da case 2 a panel of P.R. In an attempt 2 try 2 pull some bread out 4 Da"SlowBucks" Brand.. However, the media will always show y'all what they want you 2 [see]. We not entertaining NO #Police @ all!! This is the last time I'm speaking on it...!!! #FACTS & Still #OE!"

Prior to the arrest, Slow held a press conference on Thursday (June 5) with his civil attorney to announced that he's investigating 50 Cent for brand tarnishment. Lawyer John P. Bostany of Bostany Law firm is considering legal action against the parties involved in the beatdown of Slow. Bostany says that the assault, which has been captured on video, hurts the Slowbucks brand, and that 50 Cent’s clothing brand, G-Unit, is a direct competitor.

"They know he is the founder of Slowbucks, the No. 1 urban brand on the rise today,” said Bostany. “They want to hurt that brand, and they are trying to hurt that brand. We are going to put an end to that. We’re here. I’m a trademark attorney. I’m a copyright attorney and I fight unfair competition."

You can watch the incident below.

Watch the Assault and Robbery of Slowbucks at Hot 97 Summer Jam 2014