From Field Ethos, August 22:
In 1820 the Spanish government in Peru was facing a military uprising and the constant threat of rebels. Spanish officials in Peru decided to hire a British privateer named Captain William Thompson to transport their vast wealth to Spanish forces in Mexico for safekeeping. Recognizing the opportunity before them and not ones to look a gift horse in the mouth, Thompson and his crew mutinied, slitting the throats of the guards and Spanish priests before throwing their bodies overboard.
Thompson and his crew had effectively transformed themselves into some of the wealthiest pirates in history, with an estimated $1 billion worth of treasure in their possession. After hiding the loot on Coco Island and creating a map to locate it later, the crew was eventually captured and sentenced to hang. However, Thompson and his first mate were spared after promising to lead the Spanish to the hidden treasure.
The Spanish returned with Thompson to the remote island, but he managed to escape into the thick jungle. Neither Thompson nor the treasure was ever seen again.
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