The Nicaraguan folkloric legend of La Mocuana is believed to be based on genuine history and it is thought that La Mocuana was a living Indian princess. Her father was hospitable to the Spanish conquerers at first but then ordered them to leave. Soon the Spanish forces returned to take over the village and take their gold. The chief of the village had hidden the treasure and his daughter, La Mocuana, was the only other individual who knew its whereabouts.
During a battle between the two groups the tribe gained victory. Some time later the son of one of the Spanish soldiers came to live near the village and soon fell in love with La Macuana. She too fell in love with him and they planned to run away together. She gave him her father's treasure so that they could have something for their lives together. The Spaniard preferred to keep the gold for himself and sealed La Macuana in a cave, running away with the treasure.
La Mocuana escaped through the back of the cave. The heartbroken princess began to wander the woods and was driven mad by the thoughts of betrayal and feelings of guilt. Country people say that her sad figure can be seen on dark nights. She is also said to lure drunkards and philanderers to her cave where they disappear.