Dallas
NEWS -- Apr 27 -- Herb Vest, the Dallas entrepreneur who led the fight
to reshape the accounting industry, is taking on a new set of
opponents: massive technology companies. His rivals oppose his
nationwide effort to require that users of online dating services
undergo criminal background checks. His last crusade roiled the
accounting establishment, resulting in changes to state rules that
broadened the profession's emphasis from independent audits to selling
financial advice. When opponents say that he is redeeming political
chits to advance his bill for criminal-background checks, Mr. Vest
notes that his opponents spend more on lobbyists, and donate more to
politicians, than he does. Mr. Vest founded True.comin 2003, after selling his share of the accounting business he founded,
H.D. Vest Inc., to Wells Fargo in 2001 for ~$84 million. Mr. Vest said
he started the site because he was concerned about the country's
"prodigious divorce rate." True.com features a compatibility test that
Mr. Vest says was developed by a psychological research firm. "A 50%
divorce rate leaves in its wake devastation among children," he said. FULL ARTICLE @ DALLAS NEWS