bilk \bilk\, verb, noun:
1. to defraud; cheat
2. to frustrate
3. to escape from; elude
4. a trick; fraud; deceit.
5. a cheat, swindler
Stuart Levine is a guy who is accused of trying to bilk numerous state agencies - and people seeking help from government agencies - out of millions of dollars.
-- Steve Brown
by 1651, from the noun (1633), first used as a cribbage term. Origin obscure, it was believed in 17th century to be "a word signifying nothing," perhaps of Arab origin; but it is rather perhaps a thinned form of balk. Meaning "to defraud" is first recorded 1672.
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