Among occultists, Hermetic writers, modern Templar groups, and conspiracy theorists, Michael Psellos has been imagined as a guardian of occult Hermetic knowledge, the secret founder of the Knights Templar, and a key figure in global conspiracy narratives. This article traces the development of this alternative reception in the West and explores its adoption by Turkish conspiracy theorists who, despite their anti-Western stance, have integrated it into their narratives about the New World Order. The dramatic reconstruction of Psellos’ scholarly pursuits in this modern underground reception has created a ‘double reality’ that diverges radically from academic interpretations of Psellos.