Can i go to court/jail?

Okay so this guy and i had an agreement for trading of paypal money for virtual goods. 

 

He basically sent me and invoice (which is completely easily refundable) and if i accepted the invoice, he could have easily just gotten the virutal goods from me, then canceled the invoice. 

 

So i said “Hey man just cancel the payment i dont want this trade anymore”

 

he said “no and im now im reporting you for a felany federal crime” etc. etc.

 

so he wouldnt cancel it.

 

Since i cant cancel invoices right away, I told him i would cancel it as soon as i could, but he still said he sent emails to paypal. 

 

Can i get in trouble?

 

I am FOR SURE going to cancel/refund the payment once i can.

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