Busta Rhymes found himself in the middle of a verbal altercation that had the potential of turning physical after a homophobic slur was reported hurled at the legendary rapper. The video TMZ released captures Busta embroiled in a serious confrontation with men who appear to be construction workers around 5 AM on Wednesday in New York City. In the video Busta's crew can be seen attempting to restrain him as were the NYPD officers who were on the scene. 

Apparently, one of the men called Busta a f****t which prompted Busta to throw a punch which was captured on surveillance video. One of the men filed a police report later that day but one source close to the situation say cops have washed their hands with the entire incident. 

Source: youtube.com