bilk 
/ˈbɪlk/ verb
bilks; bilked; bilk·ing /ˈbɪlk/ verb [+ obj] chiefly US, informal : to cheat or trick (a person or organization) especially by taking money
▪ They were convicted of bilking [=defrauding, swindling] the company (out) of a lot of money.
▪ They were convicted of bilking [=defrauding, swindling] the company (out) of a lot of money.
