Yes, and you will be caught. Don't do that.
Although creating a second account is of itself not against the rules, creating one to transfer bounty is seen in a rather dim light and will lead to a suspension for voting fraud.
The moderators have tools that help them detect this sort of mis-behaviour.
Besides, creating the bounty costs you reputation, so the whole thing is rather pointless. You loose 200 points only to gain them from your 'dummy' account later on. Paying for a bounty does not influence the rep cap; the cap only applies to upvotes you receive on questions and answers, acceptance votes and bounties (both paying and receiving) have no influence on the cap. Thus, paying for a 200 point bounty won't let you suddenly gain 400 points from upvotes in a day.