What is the meaning of the caitiff hath been justly punished for cozening divers townsfolk?

The phrase suggests that a scoundrel or despicable person (caitiff) has received a fair punishment for deceiving various townspeople. It implies that the punishment was deserved due to the wrongdoer's fraudulent actions. The use of "cozening" indicates that the individual engaged in deceitful tricks or scams against the community. Overall, it reflects a sense of justice being served against unethical behavior.