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bilk (verb) swindle; cheat (someone of something).
Cheats, who collect money from others promising them huge profits for small investments, and run away with it, bilk them of their money. Conmen, that is, people who cheat you once you trust them, cheat others of their money, by tempting them with offers of double or even three times the amount, but never even return their principal amount, bilk them.
- The bogus bank lured customers with a very high rate of interest on their deposits and bilked them of their hard earned money by closing down overnight.
- Luring investors with offers of double the amount, he bilked them of their money by absconding with their money.