Nope, it's not good to stop them from investing on those ponzis, and you have no right to stop them coz it is their bitcoin, the only thing you can do is to warn him that ponzis has no good reputation and that most of the time it disappear along with his money without any traces...
You could show him some examples on the internet if he wants to listen to you, but if he has no plan to listen then be it, let him do his foolishness..
