This will recursively remove the directory /path/to/delete and remove every file/directory that matches * in the current directory where 'rm' is being run.
When what was most likely meant was:
rm -rf /path/to/delete/*
Note the lack of a space between the last / and . This will remove all files that match that reside in the /path/to/delete/ directory.
Besides recursively deleting /path/to/delete/ the command also deletes all (non hidden) content of the current directory (note the * at the end of the line). I assume the correct command would be /path/to/delete/*.
The error is the space before the asterisk. The original intention was to delete the contents of the folder /path/to/delete/. Instead, the asterisk enumerates files in the current directory and they get deleted