This guy's ego is writing checks his body can't cash!
Seriously, tell him you would appreciate it if he would not intentionally exceed the limiting airspeeds. (first be sure it is not just an indication difference between the two ASIs) If he does not agree to this, you have little choice but to decline further flights with this individual. It is up to you how you will explain to the bosses why you will not be able to fly with this individual. I would also file an ASRS report and retain a copy for my records. Whether you use this document for any other purpose is also up to you. My personal opinion is that this matter must be disclosed to the owners or operators of the aircraft if this pilot is to continue operating it in this manner. If you have to pay a price for it, so be it. Balance that against the consequences of saying nothing. Nobody likes a tattle tale, but how will they like you if you knew but said nothing before the crash?
Obviously, the best outcome would be to bring about a change in behavior in this individual by reasoning with him. If this is not possible by talking to him about it, or by getting someone else to help, then you have little choice after exhausting these "gentler" alternatives but to refuse to fly with him and disclose your reasons to the ownership in written form. In any case, do not allow this to happen again. This apparent compulsion to exceed limitations may be indicative of a larger pattern of behavior which might get somebody hurt. Make sure it isn't you. Let your conscience be your guide in what you do beyond that.
I don't know anything about the high speed flight regime of the Citation, so I cannot advise you on the overspeed characteristics of this type. I wonder if this "captain" can. Just don't allow it to occur with you on board.
I don't envy you this situation and I hope you can find a way to resolve it without the necessity to resort to bringing others into the issue. But do what you must to resolve it.
Best,