Marshall was nearing retirement age and was concerned about his retirement savings. He thought the stock market was too risky, so he put his money into a certificate of deposit (CD) at his local bank. Like most CDs, the one at his local bank was federally insured by the F.D.I.C. (which insures bank deposits in the United States), but itS inte rest rate was quite low. Then he heard about this offer:

Our certificates of deposit have the highest interest rates* you'll find anywhere- more than double that of most other banl1s! For a combination of investment safety and high interest, there's no better choice. our high )'ields cornefrorn our unique abilit)' to in\'est in \'aluable offshore asset~

Marshall transferred all his savings into one of these high-yield CDs. Two years later, the bank offering these CDs failed, and Marshall learned that he would not be able to recove r any of the money he had lost. What happened1