Takes for a ride

• Takes to the cleaners
• Swindles (out of)
• Pulls a switcheroo on, perhaps
• Defrauds, as an investor
• Takes to the cleaners, so to speak
• Hornswoggles
• Takes for a ride, so to speak
• Chisels

Wiktionary Word definitions in Wiktionary
vb. (en-third-person singular of: bilk )