Mike admitted this entire whole story to me personally when I asked him about it a few weeks later...
In 1984 Mike was delusional because of his addiction to amphetamines. He was convinced that Arnold had put a contract out on him. He was driving around my current neighborhood (I live a few blocks from were Ray had bought and owned a Gym called Muscle Mill) and Mike decided that some hit men sent by Arnold were following him. He ran into a bank a few blocks from the gym and started telling the Bank manager (a woman) that someone was going to kill him and call the police. He then jumped behind the counter where the tellers are and crawled under a desk. The tellers, managers and customers were freaking out because here was this huge bodybuilder going psycho. The cops came and beat the crap out of him and arrested him.