Bilk is a transitive verb which means to cheat, to elude or to evade payment. It can also be used as a noun, where it means either a person who cheats or the cheat itself.
O.K., not the exact same thing. My stepfather isn’t crafty enough to bilk people out of $65 billion. He got away with only a little more than $4 million. But he used the same pickpocket routine as Madoff. (NY Times)
The incentives were more complex than to bilk shareholders by betting the ranch every time. (The Economist)