Coiros operates without public ownership information on its website. Its domain, initially registered in 2002, transferred to its current operators on August 4, 2008. Registrant data points to "Almacenet" in Villalba, Lugo, Spain, a city that aligns with Coiros' Spanish-speaking target market.
The domain registration details are public, but the listed phone number, "+99.999999999," appears bogus. This raises questions about the legitimacy of other information in the entry, including the "Almacenet" name and the "c/CIudad Cultural nA2" address.
The company offers no retail products or services. Members market only Coiros memberships. Included with membership is "free" access to a collection of ebooks and software.
Coiros pays commissions through a unilevel recruitment structure. An affiliate sits at the top, and personally recruited members form level 1. Subsequent recruits by level 1 members form level 2, and so on, down to 10 levels.
Direct recruits on level 1 generate 20 cents per month. Members on levels 2 through 10 each pay 2 cents monthly. Coiros requires a minimum commission balance of $10 before members can withdraw earnings.
Coiros provides conflicting information regarding membership fees. Its FAQ states, "100% Free. Totally free." Yet, in the same document, it discusses reasons for a membership fee, citing payment gateway costs and user motivation to renew with account balances. The company's reliance on membership fees as the only source of revenue for commissions strongly suggests a pyramid scheme.