Getting access to a payment processor isn’t much of a big deal for a regular company.

When it comes to fraudulent investment schemes however, gaining access to a payment processor can be a marketing point.

Such is the case with Bellator but… it’s complicated.

For those unfamiliar with Bellator, aka Bellator Life, it’s a continuation of the fraudulent CashFlow NFT investment scheme.

CashFlow NFT and Bellator are run by former OneCoin Ponzi promoter Micah Theard.

Both Bellator and CashFlow NFT are/were attached to Miracle Cash & More, dba Miracle Technologies Group, Miracle Trade, Miracle Pay, Miracle Cash Token and Miracle Wallet.

All the “Miracle” companies are owned by Turkish national Hakan Törehan.

On or around April 20th, Bellator informed its investors it had secured the services of Ingenico.

On its own website Ingenico markets itself as an ecommerce payment processor based out of France.

While Bellator used Ingenico for “legitimacy via association” marketing, it explicitly prohibited its promoters from doing so.

Typically when scams attach themselves to legitimate payment processors, it’s done through inconspicuously named shell companies. Whether that’s the case with Bellator and Ingenico is unclear.

Bellator appears to be accessing Ingenico through Miracle Pay, marketed as Miracle Cash&More’s “all-in-one digital payment solution”.

Having to hook up Miracle Pay to Ingenico suggests whatever processor the company was previously using cut them off.

Miracle Pay’s access to Ingenico is through the website domain “miraclepay.nl”, privately registered in September 2023.

Of note is MiraclePay’s stated industry to Ingenico being “food & beverage, hospitality and retail”. There is no mention of CashFlow NFT or Bellator on Ingenico’s MiraclePay webpage. Ditto MiraclePay’s own website.

Another reason Bellator might wish to keep their use of Ingenico under the radar is Cashflow NFT fraud warnings.

MetaTerra Corp, an SEC-registered company Miracle Cash&More purchased, is also delinquent in its regulatory filings by over a year.

In wishing to know whether providing payment services to fraudulent investment schemes is part of its business model, BehindMLM has reached out to Ingenico for comment.