Zheng Zhuju, the former fugitive entrepreneur, already convicted of illegal fundraising, failed to get a sentence reduction at another trial.

Zheng was previously convicted of illegal fundraising in Wenzhou involving 820 million yuan ($133 million).

He was again sentenced to 19 years in jail at the second hearing, according to the Wenzhou Intermediate People's Court, Xinhua News Agency reported.

The case triggered a credit crisis in Wenzhou, Zhejiang province, in 2011.

The verdict in the second trial is the same as in the first trial, the report said.