Not really. I see many, many fake conferences adjacent to my field each year. I don’t really see why setting up one would be harder than creating a fake journal.
A good time to repost about the famous VIDEA conference:
I don’t dispute that there are probably orders of magnitude more fake papers than fake conference presentations, just that shifting from journal articles to conference talks won’t help at all. If the incentives shift, current paper mills will just shift with the market.