A Few Blackhat SEO Questions

Hi,

I read a method a while ago on the forum about buying domains from Godaddy auctions and then getting them blasted on fiverr with scrapebox and xrummer and then linking them to your money site. Does this sort of technique still work or is it dead? If it's not dead then is it better to link directly to your money site or point it to a web 2.0 site first and then to your money site?

Thanks