William Kidd, also known as Captain Kidd, was a Scottish sea captain who was commissioned as a privateer and was also a pirate. Following a trial that heavily involved politics, he was executed in London in 1701 for murder and piracy. Stories swirl that Captain Kidd buried treasure in two ponds that are near the foot of where the Montauk Point Lighthouse now stands. This supposedly took place around 1699, and the two ponds are called “Money Ponds” today.