Bleed

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Bleed

1. To lose money in a venture or investment over time. Bleeding may occur fast or slowly, but never improves. See also: Stop the bleeding.

2. To extract an excessively high price in a transaction or venture under threat of force or some other harm. Bleeding in this sense is illegal.
References in periodicals archive ?
I see no reason why people in this country should be bled white so that oil-sheiks can build yet more palaces for themselves, and new harems.
If this sounds like a litany against the Harlem Renaissance, it in fact echoes Redding's new point-of-view on that earlier cultural phenomenon, remembered in 1964 for having been "prostituted and commercialized by gangster impresarios, who literally bled white the black writers, artists, musicians, and performers.
And Simon's resistance to Conscription was wicked -- when the little British army in France was being crushed by sheer weight and the French, on a much larger scale, were being bled white.