Prosecutors released transcripts of jailhouse phone calls in which the two discussed moving the money between accounts. Zimmerman's bond was revoked and he was ordered back to jail earlier this month.
At Friday's hearing, Adam Magill, a forensic accountant hired by the defense, testified that Zimmerman raised $205,637.96 through his PayPal account from April 9 to 25, netting $197,567.91 after fees and related expenses.
He described a series of money transfers among accounts held by Zimmerman, his wife and his sister.
Asked by prosecutor Bernie De La Rionda whether it appeared the Zimmermans were trying to mislead someone about how much money Zimmerman had at the time of the first bond hearing, Magill said the transactions would "make it look like he didn't have the money."
The money is now under the control of a trustee.
De La Rionda said the transactions showed that Zimmerman was untrustworthy.
"It was done to hide the money so they (Zimmerman and his wife) could deceive the court, lie to the court," he said.
Zimmerman's lawyers had said appearing in his jail uniform would be prejudicial to potential jurors, and the judge ruled he could wear civilian clothes to court. He wore a gray suit jacket, white shirt and dark tie at Friday's hearing in the Seminole County Circuit Court.
O'Mara, the defense attorney, had planned to call his client to the stand but decided against it after the judge ruled that Zimmerman would be subject to cross examination by prosecutors.
Probation officer Adam Vincent, who supervised Zimmerman during his earlier release on bond, described the defendant as "a model client" and said he did not foresee any problems if he were released again.
O'Mara also introduced photos of the injuries Zimmerman suffered in what Zimmerman described as a life-or-death struggle with Martin, and statements from potential witnesses.
(Reporting by Barbara Liston, writing by Jane Sutton; Editing by Sandra Maler and Dan Grebler)
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