Sep 28, 2014
BigA and MJG offered good advice.
Are you on good terms with your father? If not, is there another, trustworthy, family member who is on good terms?
Does your father have reasonable mental facilities?
If your answer is "yes", consider changing his existing accounts to (your father) AND (trustworthy person). That means checks would require both signatures. (If the transfers are via card, call the issuing agency and put a low limit on the card).
If your father's mental capacity is slipping, then consider BigA's and MJG's suggestions. Remove his easy access to his finances. You could keep them in his name, but change the ownership to (your father) OR (trustworthy person). See the difference? If his mental competency is in doubt, consider removing his access entirely ... place the funds in a trust account or other account to which he does not have access. (See a lawyer ... there may be tax impacts).
Of course, you would need your father's cooperation in two of the above three cases.
Also, strongly consider attaching a call blocker to his phone ... one that you could program to stop calls from any suspicious number.