To be taken by a ponzi scheme. To lose
money on a venture when one
party doesn't live up to its' agreements. To get stung in a bad
deal where one side doesn't live up to expectations.
"Our company is thinking of sponsoring that race
team, but we need to perform
better due-dilly so as not to get stingered again."
"We tried to pre-order that new crowd-funded
widget, but we got stingered and the company never delivered. I'm still waiting!!!"