Some scam sites like btc doublers fake transactions but they are only visual they don't work if you click them. Another way is to make a fake blockchain and then the transactions lead to that blockchain which you control.
It doesn't really mean it is fake. It is real blockchain but isn't being used.
The correct answer is NO, but some people create their own so-called Crypto currency investment site and then they connect that site with their own internal ledger with fake coin tokens. <Not tokens on the Blockchain> The investors are oblivious to the difference, so they think they are buying actual coins.
Usually these sites do not allow people to withdraw actual coins, but you can sell your fake tokens and withdraw the cash. They charge trading fees, when you sell fake tokens on their internal ledger as if you were buying and selling real Crypto currencies.

Good answer. Then they fake volume to fool people.