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A grand jury has indicted two hearing aid companies on charges of inflating the cost of hearing devices sold to Medicaid recipients, a special state prosecutor said Wednesday.

According to Edward Kuriansky, a deputy attorney general and the state's special prosecutor for Medicaid Fraud Control, the two companies are accused of stealing $22,000 between 1988 and 1990 by overcharging for hearing aids.

The charges were handed up by a grand jury in Albany County Court.

The indictment names General Hearing Aids, of Albany and Middletown; its president and owner, Daniel Eddo, 44; his wife and the company's vice president, Elizabeth Eddo, 44; and Schrader Hearing Instrument Co. of Cohoes and its president, John Schrader, 64.

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