The Collaborative International Dictionary of English v.0.48:
Fleece \Fleece\, v. t. [imp. & p. p. Fleeced; p. pr. & vb. n.
1. To deprive of a fleece, or natural covering of wool.
2. To strip of money or other property unjustly, especially
by trickery or fraud; to bring to straits by oppressions
Whilst pope and prince shared the wool betwixt them,
the people were finely fleeced. --Fuller.
3. To spread over as with wool. [R.] --Thomson.