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Perhaps, deep down, he knows this is a scam, but he enjoys it so much he doesn't care. Digging up some dirt on this woman might or might not influence his behavior. You know him -- what do you think?
Maybe leaving the woman out of this entirely and making it a purely financial discussion would be more effective. If you can demonstrate that without any extravagant purchases such as a new car and without any major health problems his financial holding will support him for about x years at his current standard of living. If there are major expenses such as putting a new roof on the house, taking a fancy cruise, etc (you don't even have to mention gifts to this woman) then each of those reduces the length of time he can support himself.
If he has an illness that disables him and requires in-home care (or a care center of some kind) that will deplete his resources much faster.
Once his resources are gone he won't be eligible for Medicaid immediately because of having given substantial gifts. There will be penalties based on any gifts given within 5 years of applying for aid.
Do you think that you and your brothers could put together a financial-facts-of-life presentation for Dad, leaving out the girlfriend completely?