Officers say the robbery took place around 8:20 p.m. in the 300 block of North Third Street; the man was attacked and knocked to the ground before his wallet was taken.
The wallet was recovered behind a nearby business a short time later.
A police investigation revealed Jonathon Smiddy as the driver of the vehicle involved.
Smiddy was arrested and is being held in the Greene County Jail on a $10,000 bond.
Police said a second man, Franklin Minton was the one who used physical force to steal the victim's wallet.
Minton is being held in the Clark County Jail on a different charge.
The case is expected to go before a grand jury next week.
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