Police have arrested the man accused of the horrifying stabbing death of a 68-year-old California man — an attack captured in shocking newly released surveillance footage. Now, following the alleged stabbing, Iriarte-Valdez is back behind bars with bail set at a $1.1 million as detectives continue digging into the killing. The newly released surveillance video shows Iriarte-Valdez pulling up in a Cadillac SUV wearing dark jeans, a gray shirt and a protective vest. 3 Surveillance video captures the fatal stabbing of a Martinez man. 3 Crime tape after the fatal stabbing of a Martinez man.