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[ucbalumnus]

@Momofthreeboys

Never heard that before Madison…

cheat, rip off, chisel - deprive somebody of something by deceit;

http://dictionary.reference.com/browse/welsh says:

@dictionary.reference.com

Use of this verb is sometimes perceived as insulting to or by the Welsh, the people of Wales. However, its actual origin may have nothing to do with Wales or its people; in fact, the verb is also spelled welch.

http://www.merriam-webster.com/dictionary/welsh says:

@merriam-webster.com

sometimes offensive

Origin of WELSH
probably from Welsh, adjective
First Known Use: 1905

Whether or not the actual origin of the word is based on an ethnic insult, you may want to be aware that it can be interpreted as such.