But on Friday, US prosecutors settled for Meng agreeing to a statement of facts in the case.
In exchange, they agreed to defer the charges -- which carried the risk of up to 30 years in prison -- until Dec 1, 2022, and then drop them if Meng abides by the terms of the agreement.
"In entering into the deferred prosecution agreement, Meng has taken responsibility for her principal role in perpetrating a scheme to defraud a global financial institution," acting US Attorney Nicole Boeckmann said in a statement.
"Meng's admissions are evidence of a consistent pattern of deception to violate US law," said FBI Assistant Director Alan Kohler.