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If Mom has been diagnosed with Dementia, I so hope someone has POA. If not, I would get her to assign someone and make it immediate. Get your name on her accounts. From what you have written this maybe a scam artist. Promising her a trip and then saying he lost his business now they can't go. Now he is moving in. Get a background check on him. I wasvon my Moms bank accts. I was able to keep an eye on them.
What health issues and/or cognitive issues does mom suffer from?
If you make a fuss about this then you are going to be told nothing when/if mom gets upset or scared she has made a mistake.
So you need simply to hold your peace, take mom to lunch and DO NOT QUESTION, but rather allow her to talk to you.
This has recently happened to my DD's MIL. She has had a companion at her same ILF for years. They have traveled on a lot of trips together. They are mid 90s. Now they have decided they will move in together into DD's MIL's cottage and he will give his up. This way they can save more of each of their funds for "the kids" (who are in their 70s).
It isn't working. The MIL has poor eyesite. The beau has health problems as well. And it is even difficult for the MIL now to sleep, after many years with no snoring, no bed partner. And as she is a bit "old school" she doesn't even want to say to the "beau" ; "you know, hon, I got so used to my own room I need to keep it that way for the duration".
The kids are all supportive and listening. This gives mom the opportunity to say "Hon, this isn't working". IF they start on the couple it WON'T WORK. Think back to when you were a teen and parents were on you about your love life. It didn't work. You went underground.
And that's what the elders will do.
Stay supportive. Be there. Help around so you KNOW what is going on.
Take this a day at a time.
This may work very well. And it may not. The jury's out.
Think of it as if it was you and your mom didn't like the person you were dating. Respect works both ways, no matter how hard it is, and as long as no dementia has been diagnosed.
And there's really not a darn thing you can do about this, except if it were me, I would be watching things very closely.