Elderly Father being Scammed

Hey all. I’m pretty comfortable with cryptocurrency conceptually – I own BTC myself and am familiar with other cryptocurrencies but don’t keep up on all the vendors, new coins, etc. I’m worried my elderly father is being scammed.

He’s been adding USD to Coinbase and then sending various cryptocurrencies to other websites. He seems to think he has a firm understanding of it, but he is pretty prone to being scammed.

One place he mentioned he called “Ethereum Galaxy” but I think is Galaxy Digital. I think he’s staking money in new coin launches. He says there’s one launching end of month and he’ll make a ton of money but can’t access it until then.

He’s also sending money to “Gemini Pro” which I know is legit, but I think he maybe found a site with a similar name instead. Basically, it sounds like he’s making long bets and short bets on BTC prices over 5 minute periods. Through this, he has been told that he “won” $22k of USDT. The kicker is that he has to pay $2,200 (USD) of “capital gains tax” to get the USDT. I know his tax situation well and his long term capital gains tax is 0%, short term is 12% and he would pay 0% if this was just income and not capital gains.

This latter part seems pretty sketchy. I’m trying to get together with him to see his actual screen while he’s doing this. He’s taking 2,500% payday loans to fuel this all.

But does anybody have any feedback on what may be going on here?