Lil Meech was arrested and released earlier this week for an incident involving two counts of first-degree grand theft and organized fraud. In wake of his release from police custody, the 22-year-old actor/rapper took to  Instagram with a smile on his face to make light of his current predicament. Apparently, the notion didn't sit well with the Miami-based jeweler that owns the $250,000 Richard Mille watch that Lil Meech allegedly tried to sell off before paying the remaining balance. To that, the proprietors over at Haimov Jewelers issued an official statement addressing their legal predicament with Lil Meech.

"Haimov jewelers Is a family business. You cannot trade a watch that wasn't paid for to another jeweler And take the next jewelers watch and not pay them as well," they wrote on their Instagram Story. "We all work hard for our money and do clean business. We reached out many many times but you ignore. If someone owed you 200k would you let it slide? We put our blood sweat and tears into making this business successful We came from the [bottom]!"

Lil Meech has not answered the allegations directly but a clip of him after his release has surfaced. 

Source: Instagram