Ted, I think you may be reading this in the wrong context. It's much more plausible to think a couple of guys George is lending money to are pilled out union workers who bought too many percs during the week on the arm. He probably also has a couple guys he's who are runners and work for the unions. It's probably where he's trying to get players for his book.
If a mobster is lending money to union members and handling their action, can't that easily lead to labor racketeering? Or wouldn't it if LE didn't step in?