Scammers Steal $2.2M in Dewey Beach Real Estate Fraud

Intercepted wire transfer leads to legal battle over property purchase

Published on Feb. 16, 2026

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A $2.2 million property purchase in Dewey Beach, Delaware turned into a legal battle after scammers intercepted the wire transfer, stealing the funds. The incident highlights the growing problem of real estate wire fraud and the need for greater consumer protections.

Why it matters

Real estate wire fraud has become an increasingly common issue, with scammers targeting home buyers and sellers. This case in Dewey Beach demonstrates the significant financial and legal consequences that can result from these crimes, underscoring the importance of awareness and preventative measures.

The details

Scammers were able to intercept the wire transfer for a $2.2 million property purchase in Dewey Beach, Delaware, redirecting the funds to their own accounts. This led to a legal battle over the property, as the rightful buyers were left without the funds to complete the transaction.

  • The $2.2 million property purchase in Dewey Beach was scheduled to close in February 2026.

The players

Dewey Beach

A coastal town in Delaware known for its beach resorts and real estate.

Federal Trade Commission (FTC)

The U.S. government agency that provided tips on how to avoid real estate fraud.

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What’s next

The FTC is expected to release updated guidance on how consumers can protect themselves from real estate wire fraud.

The takeaway

This case highlights the growing threat of real estate wire fraud and the need for both buyers and sellers to be vigilant when transferring large sums of money. Consumers should follow FTC recommendations to verify wire transfer details and be wary of any suspicious activity.