The act of cheating or defrauding someone; a scam or dishonest scheme to take money or valuables.
Present participle of 'bilk' formed by adding '-ing'. This gerund form allows 'bilking' to function as a noun describing the activity itself.
Bilking scams have evolved with technology—from fake letters in the mail to today's phishing schemes, but the core idea of tricking people for money stays the same!
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