It's one still employed today. That of burning domains, redirection and volume buying of low quality links. This technique makes use of the honeymoon period Google applies to new domains before PageRank and other metrics have been applied. Search for pay day loans, click almost any link and I'll bet the domain you end up at isn't the same one you originally clicked.
Bad backlinking is mostly used black hat SEO tactic and still in use.
* putting bad review or bad comments about any company will lead to decrease in popularity.
* As google considers backlinks for ranking, it will even ruin decrease the search engine ranking.
* bad backlinks results very less traffic to website and zero conversion rates. To make them good backlinks its will take much time.
Recently fred update was made to find out the bulk domain links.