Moulton was a general in the American army for the King James War and the French and Indian War. Eventually, he became one of the wealthiest men in New England which gave rise to the rumors of his deal with the devil.
The story goes that Moulton sold his soul, and in exchange the devil would come to his home once a month and fill his boot with gold. This worked out as planned for a while, and then Moulton had an idea. Greedy for more gold, he cut off the soles of his boots and dug a hole in the ground (or into his basement–the story is told both ways) and put the shoe over the hole.
The devil returned to give Moulton his monthly payment, and this time it took many more coins to fill the boot because the coins fell through the boot and into the hole (or basement). The devil, wondering what was going on, figured out what Moulton did. Upset, the devil burned his house to the ground in revenge, and the coins disappeared.
When Moulton died his body disappeared out of the coffin and was replaced by a box of coins stamped with an image of the devil. Moulton’s coffin was buried without a tombstone (there is, however, a marker in his commemoration) and its location is still unknown to this day.