Kraaifontein resident Christopher Martin took Cupido to court and was awarded over R16 000 by the small claims court in Bellville.
Martin invested in Cupido’s 4th Power Investments in 2016, but had received no dividends and upon consulting with experts on forex trading, was informed he had been duped.
Hawks spokesperson Philani Nkwalase said investors in Cupido’s 4th Power Investments were located far and wide, and Martin's victory could mean more investors opening cases.
The Hawks themselves were considering subpoenaing investors, he said. “The case is ongoing and far from closing, but our investigators have found that investors were far and wide in the Western Cape, also in the Eastern and Northern Cape.