Talks about the last swindlers (6)

I believe the answer is:

cheats

I'm a little stuck... Click here to teach me more about this clue!

'swindlers' is the definition.
(I've seen this in another clue)

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for cheats that I've seen before include "Dishonest dealers" , "Fixes" , "Doesn't play fair" , "Chaste (anag.)" , "Acts dishonestly in chaste way" .)

I've seen this clue in the Sydney Morning Herald.

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