The Nation - News from May 31, 1989

A Yale honors graduate described as depressed over losing a prestigious job at Chemical Bank in New York due to illness was ordered held on $4-million bail in the butcher-knife stabbing deaths of his mother, brother, a family friend and a neighbor. Rolando Marcelo, 23, was arrested Monday evening about 20 miles from his family’s Springfield, N.J., home, where the first two killings occurred. He was to be charged with four counts of homicide, as well as attempted murder and weapons violations, and will be held for grand jury action, prosecutors said.