Wallace is clearly upset with the officer for labeling him as being a member of a gang.
"I have no gang affiliation or arrests in my whole life. You can look up all the facts on my record," said Wallace.
Wallace says he was previously approached by police and questioned about being a gang member.
At a later time, Wallace says police along with the film crew came to his home asking him to sign a disclaimer regarding the show.
Wallace says he was then asked to step out of his home. When he stepped outside, Wallace says a gang task force was waiting outside.
Wallace alleges he was never affiliated with any gang.
Wednesday, Tulsa Police representatives say the conversation depicted on "Live PD" was not a confrontation.
"It was still a consensual encounter. Sergeant Larkin was driving through the parking lot, observed him and another individual at the trunk of the vehicle and the other walked off," said Officer Leland Ashley. "Sergeant Larkin never got out of his vehicle."
Tulsa Mayor GT Bynum announced on his Facebook page Monday that the contract with Live PD will not be renewed and Tulsa Police Department will no longer be featured on the show.
Social activists We the People Oklahoma plan to file a formal complaint with the Tulsa Police Department.
"Try to be aware of the people that's supposed to help us. Be aware of them at the same time they're trying to help you," said Wallace.