Yes. This used to happen a lot on ad networks, although I personally don't know how pervasive it is now.

The game is as jiggy said. Force competing ad buyers to pay for what appears to be non-productive traffic by forcing ad clicks. Since the real views are dominated by false views, the conversion rate on whatever is being sold appears to be horrible. The competitor goes elsewhere, and the scammer maintains access to artificially cheap ad inventory, since there are fewer bidders.