The Collaborative International Dictionary of English v.0.48:

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