Friends of Fabolous were caught on camera snatching a $64,000 chain off Telfair’s neck. 20 minutes later, the same tape shows Fab’s shooter fleeing in a gray car.

The video shows Fab’s boys approaching Telfair outside Sean (Diddy) Combs’ W. 21^st St. restaurant early Tuesday morning. One man can be seen grabbing the chain from Telfair’s neck while another keeps watch. After the robbery, the thieves duck into Diddy’s restaurant, Justin’s.

Following the suspects into the restaurant, Sebastian saw them laughing with members of Fabolous’ crew, the Street Family. Telfair then makes a call from his cell phone.

Twenty-three minutes later, the camera outside the restaurant captures the gunman who shot Fab in a nearby parking lot driving off. The rapper was not believed to be the target (sources say).

“The [security] tape completely supports everything my client said happened that night,” Ed Hayes, Telfair’s lawyer, said. “He’s a lovely young man. It was outrageous what these punks did, and he will press charges.”

Hayes said the Celtics star merely called a family member and has shared all the cell phone numbers he called with police.

On Tuesday, Sebastian went to the precinct and looked at lineups of suspects that included three members of Fab’s crew, not being able to pick out his attackers. He will return to the stationhouse later this week to look at images pulled off the security tapes.