In Russian, there's this slang word which means "to steal something from someone by force" like a business or a cell-phone. "Отжать бизнес" or "Отжать мобилу". The verb is "wring out" - i. e. "to wring out a business" or "to wring out a cell-phone" respectively.
What's the English word for that? I mean a well-known slang word understood by both the Americans and the British.